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Tesla Stock Plunges As Investors Fear Twitter Dramas And Loss Of China Sales

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Wall Street downgraded Tesla stock's price targets Tuesday, causing shares to fall 8.12%. 

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Analysts worry that Musk's hostile takeover and micromanagement of Twitter distract him. 

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China sales could also be affected by COVID-19 spreading after the Chinese government ends its strict restrictions.

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Tesla shares fell to $138, a record low for the company in more than two years, at the time of this article's publication.

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Analysts believe investors are worried that Musk will sell more Tesla shares to finance Twitter and that his actions on social media are causing damage to the brand. 

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Musk's last week's sale of shares worth $3.5 billion was one of many stock dumps he has made this year.

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Some investors have called on Tesla's board to replace Musk, the CEO, and to protect shareholders from the stock price drop.

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