Elon Musk's obsession with Twitter is not the intermediate cause of Tesla's stock market crash

A famous false impression has emerged about Elon Musk and Tesla

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The billionaire's love affair with Twitter is the main reason Tesla shares have lost so much value this year.

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But Tesla's sharp destocking this week showed the problems in Musk's car business go beyond Twitter.

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While Musk notes that he, too, could step down as CEO at Twitter, traders are concerned that Tesla's revenue

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and earnings outlook is changing to be more bleak. A sign of weakening demand

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Tesla has announced an unusual sale. The company offered two discounts for buyers who receive a car before the end of the year

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starting with a discount of $3,750 up front this month. Tesla later doubled that rebate to $7,500 on Thursday.

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“Tesla is really starting to see demand cracks in China and in the US at a time when opposition to electric vehicles is rising across the board,”

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