Tesla Shares Drop Below $200

Tesla ($TSLA@US) shares dropped 5.01 percent lower on Monday to $197.08 down from an all-time intraday high of $414.50 on November 4, 2021. Analysts suspect that the drop in share price has more to do with CEO Elon Musk’s purchase of Twitter ($TWTR@US) than with Tesla’s performance. Musk’s buy and his execution issues surrounding it are currently weighing on Tesla shares. Advertisers, which make up more than 90 percent of Twitter’s topline revenue, are pulling back from the platform at a time it’s burdened with the debt that Musk took out to purchase the company.