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Tesla (TSLA) investors are tired of Elon Musk’s Twitter fiasco. It's a good thing.
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Nearly $133 billion was lost by the ten most prominent investors in electric-vehicle maker’s stock, which included ETF giants Vanguard and BlackRock (BLK), as well as Musk himself.
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Musk was the most wealthy person in the world because of it.
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Tesla's value had fallen more than 52% since April 25th, when the Twitter buyout was approved. However, the S&P 500 is still at 5.5%.
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Tesla stock had fallen 29% since Oct. 27, when the deal was closed, which is worse than the 6.6% gain made by the S&P 500.
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Shares fell 3.4% to 155.38 on Wednesday.
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This is a staggering amount of wealth that Tesla investors can enjoy.
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Tesla's value is now down by $339 billion since the Twitter deal was approved and by $206 billion at the close.
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Investors are concerned that Musk is so obsessed with Twitter that he doesn't care about Tesla.
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