Tesla Market Share Plunges to 50% Low as Twitter Antics Distract Musk
-
Tesla's market share plunged to 50% in Q3 2022, the lowest on record and down from 65% a year earlier.
-
The decline is attributed to Elon Musk's controversial Twitter acquisition alienating potential Tesla customers.
-
Long-time Tesla investor Ross Gerber commented the Twitter deal has "harmed the Tesla brand."
-
Tesla stock dropped 70% in 2022 due to the Twitter distraction but has recovered 116% year-to-date.
-
Tesla faces challenges ahead as Musk remains distracted by Twitter, making the road back to all-time highs potentially long.