Is Twitter to Blame for the Drop in Tesla Stocks?

As per reports, Tesla is now losing money as a result of declines in its stocks, with losses reaching as high as 8.12 percent earlier today. Also, reports  claim that this is the result of CEO Elon Musk's renewed interest in Twitter and his use of Tesla stock to support the social media. Since it is already getting close to the end of the year and Tesla is known for playing it safe and keeping its values throughout the holidays, it is uncertain if this valuation decline will continue. According to the reports, Tesla's shares are suffering due to the present economic climate in China and the country's most recent policies. [caption id="" align="aligncenter" width="360"] Image credit - AS USA[/caption] With Tesla's Giga Shanghai reportedly providing a significant portion of the company's revenue, the Chinese government's decision to lift its tight and severe COVID-19 limitations may have a negative impact on the region's facilities' ability to produce and sell goods. Twitter: Is It Affecting Tesla Stocks Right Now? Twitter is still one of the factors impacting Musk's other businesses, even though the research focuses on two factors that are hurting Tesla's valuation, shares, and stocks in the market. Chief Twit's present concentration is on keeping Twitter solvent and running, which has a significant impact on his attention to the other firms that had his complete attention before he assumed the role of the social media company's CEO. Twitter and Tesla under Elon Musk Recent developments have sparked reports about Twitter's demise under Musk's leadership, with claims that the social media platform is losing more money as a result of the numerous changes and operations it is undergoing. [caption id="" align="aligncenter" width="929"] Image credit- CNBC[/caption] There are rumours that Twitter's corporate office in San Francisco, California has already stopped paying its rent because of its losses. Additionally, it supports the rumour that Chief Twit is entirely committed to Twitter and has neglected Tesla, SpaceX, Neuralink, and other of his businesses in favour of the social media site. It was revealed last week that the tech CEO had amassed $3.5 billion for Twitter by selling as many as 20 million Elon Musk will sell Tesla shares for $3.95 billion: Report on the open market. This action is allegedly being taken to aid Twitter in its current endeavours. especially given that Musk is shouldering the financial responsibility to keep it afloat despite it losing more money than initially anticipated.