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Elon Musk On Why Tesla Stocks Are Down?

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A Twitter user asked Elon Musk what caused the stock to fall by $TSLA this year and what he expects next.

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Elon said margin loans should be avoided when there is a macroeconomic risk.

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He also stated that stocks could move in ways different from their long-term potential.

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This is after Elon Musk's bankers considered new margin loans backed Tesla by Tesla to reduce Twitter's debt.

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In a deal worth $44 billion, he had taken control of the microblogging platform.

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Musk's acquisition of Twitter was completed with a $13 Billion bank loan and a $33.5 Billion equity commitment.

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Tesla shares are down 56% so far this year.

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