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Maybe Musk shouldn’t have bought Twitter? Amid a deal to buy the social network, Tesla shares fell to a two-year low, Musk lost $ 70 billion

Elon Musk’s fortune has fallen by $70 billion since the first reports of his acquisition of Twitter in April. This was reported by Reuters.

According to him, Musk’s fortune is currently estimated at $194.8 billion, which is associated with a fall in the share price of his other company, Tesla. According to the agency, investors fear that the entrepreneur, due to the purchase of Twitter, is not paying enough attention to his business in the field of electric vehicles, while competition in this segment is growing.

Maybe Musk shouldn't have bought Twitter? Amid a deal to buy the social network, Tesla shares fell to a two-year low, Musk lost $ 70 billion

And indeed, if not so long ago, Tesla shares were trading at $300, now they have fallen to a two-year low: about $190 is given for one security. The last time Tesla shares were worth that much was at the height of the COVID-19 pandemic in November 2020.

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