The Biggest Victim of Elon Musk Buying Twitter Has Been … Tesla?

James Surowiecki
4 min readDec 31, 2022
Elon Musk, 2018 (Daniel Oberhaus via Creative Commons)

On October 27 of this year, Elon Musk completed his $44 billion takeover of Twitter and became the company’s CEO. Earlier that day, the stock of Tesla — the electric-car company that Musk also runs — hit $233 a share. That put it down about 33% from where it had started the year. And over the next two months, Tesla’s stock would plummet much further, ending the year down another…

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James Surowiecki

I’m the author of The Wisdom of Crowds. I’ve been a business columnist for Slate and The New Yorker and written for a wide range of other publications.