Tesla stock had its worst week since March 2020 amid wild week for Musk

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Tesla the stock fell nearly 16% during the CEO’s time Elon Musk called “really stressful for 7 days“for one of his 108 million followers on Twitter.

Tesla stock closed at $265.25 on Friday, September 30. Closing a week later, Tesla stock traded at $223.07, down nearly 16%. It was the worst week for stocks since March 2020, when the Covid-19 pandemic began to blanket the US, shutting down businesses and public life.

Over the weekend, Tesla reported production of electric vehicles and delivery number that did not live up to analyst expectations.

On Monday, Musk continued stir up a political firestorm by considering how he thinks Russia’s brutal invasion of Ukraine should be addressed.

Later, public records revealed that Musk informed the Delaware Premier Court that he would completes $44 billion acquisition of the Twitter in October, a deal he had been trying to evade for months.

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Musk returns to Russia

On Monday, Musk posted a Twitter poll assess support for what he claims may be the result of the seven-month conflict between Russia and Ukraine.

He proposed new UN-monitored votes in Ukraine on whether some parts of the beleaguered democratic nation should join Russia. He also suggested that Ukraine should cede Crimea to Russia and that the country should then remain “neutral” instead of aligning with NATO or Russia.

Kremlin Praise Muskbut he was harshly criticized by many others including Ukrainian President Zelenskyy, Ukraine’s ambassador to Germany Andrij Melnyk, South Carolina Senator Lindsay Graham and anti-Putin human rights activist and former chess champion Garry Kasparov.

Kasparov, who managed to thwart Putin’s rise to power and was jailed and beaten for his activism before fleeing the country, described Musk’s plan as “a repeat of Kremlin propaganda. “

Twitter trading is back


Despite his tumultuous week, Musk has at least scored a historic professional achievement at his reusable rocket venture, SpaceX. Company launch four people to the International Space Station from Cape Canaveral, Florida on Wednesday.

The mission is SpaceX’s fifth crewed launch for NASA to date and the company’s eighth human flight in just over two years. One of those flying with SpaceX on this latest mission is Russian cosmonaut Anna Kikina.

Musk also brags about the years-delayed start of production Tesla Semian all-electric heavy-duty truck and promised that the company would deliver some of the trucks to Pepsi on December 1.


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