10 Tesla Investors Lose $132.5 Billion From Musk's Twitter Fiasco

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Tesla (TSLA) investors are growing tired of Elon Musk's Twitter fiasco. And for good reason.

The 10 largest investors in the electric-vehicle maker's stock, including ETF giants Vanguard, BlackRock (BLK) and Musk himself, lost nearly $133 billion since Twitter's board accepted Musk's buyout on April 25, says an Investor's Business Daily analysis of data from S&P Global Market Intelligence and MarketSmith.

It cost Musk the position as the richest person in the world. But he's not alone feeling the pain.

Tesla's value is down more than 52% since the Twitter buyout was approved on April 25, while the S&P 500 is only off 5.5%. And Tesla stock is off 29% since the deal closed on Oct. 27, much worse than the S&P 500's 6.6% gain in that time. Shares are down again Wednesday, by 3.4% to 155.38.

That's shredding a jaw-dropping amount of wealth for Tesla investors. The value of Tesla is down $339 billion from the Twitter deal's approval and $206 billion from the close.

Investors worry that Musk is so infatuated with Twitter, he's not minding Tesla.

Investors owning shares of Tesla, now down more than 50% this year, are vocally expressing displeasure. "There is no TSLA CEO today," Gary Black, managing partner of the Future Fund, which is down nearly $18 million on its Tesla stock since April, tweeted Monday, as first reported by the Wall Street Journal.

It's Not Just Costing Elon Musk

Musk is definitely suffering the most from the Tesla implosion. As the largest shareholder with 14.1% of the company, he's personally lost $47.9 billion from the time the Twitter deal closed.

But losses are spreading to Main Street, too, as the giant ETF and mutual fund companies are the next biggest owners. Vanguard, which is forecasting a recession next year, is the No. 2 largest holder of Tesla stock. It owns nearly 7% of the company. And due to that, its shareholders are down nearly $23 billion from the Twitter deal close.

What will Musk's infatuation with Twitter ultimately cost Tesla investors?

"This remains the quagmire for Musk as well as Tesla investors in what has been a period of pain for Tesla bulls in a general risk-off backdrop with the Musk's golden child stock under major pressure," said Wedbush's Dan Ives in a note to clients.

Losses based on value of current holdings from April 25, 2022, approval of Twitter sale

Leluke123 on December 15th, 2022 at 03:24 UTC »

So twitter is crashing down in a pile of flames, there's discussion to ban tiktok, and Facebook has been declining. This is absolutely wonderful news for humanity.

chef-nom-nom on December 14th, 2022 at 23:45 UTC »

Investors longing for the days when the worst that could happen was Elon smoking on Rogan

u9Nails on December 14th, 2022 at 21:41 UTC »

But Elon finally got to suspend that guy on Twitter that was tracking his jet. So, there's that.

Now he'll sell the company?