Shulou(Shulou.com)11/24 Report--

On December 15, most Tesla investors expressed dissatisfaction with Elon Musk's insistence on buying social media platform Twitter. Tesla's top 10 investors lost a total of $132.5 billion as the acquisition led to a collapse in its share price, according to the data.

An analysis of S & P global market intelligence and MarketSmith data by the well-known US financial media Investor Business Daily found that since the Twitter board accepted Musk's acquisition offer on April 25, the top 10 investors of Tesla, including ETF giant Vanguard, BlackRock and Musk himself, have lost as much as 132.5 billion US dollars.

Since the acquisition was approved on April 25, Tesla's market capitalization has fallen by more than 52 per cent, while the S & P 500 index has fallen just 5.5 per cent. Since trading closed on October 27, Tesla's shares have fallen 29 per cent, far less than the 6.6 per cent rise in the S & P over the same period.

The collapse of the stock price has brought huge losses to Tesla investors. Tesla's market value has shrunk by $339 billion compared with when the Twitter deal was approved, and Tesla's market capitalization has lost $206 billion compared with the close on the day the deal was completed. Tesla's share price has fallen more than 50 per cent so far this year.

In addition, investors worry that Musk is too infatuated with Twitter to lead Tesla wholeheartedly. Investors holding Tesla shares are voicing their dissatisfaction. It is reported that Gary Black, managing partner of Future Fund, wrote on Twitter that the value of his Tesla shares has fallen by nearly $18 million since April.

However, Musk must be the biggest victim of Tesla's share price collapse. As the largest shareholder, he owns 14.1 per cent of Tesla. Since the completion of the Twitter deal, he has personally lost $47.9 billion and even lost his position as the richest man in the world.

But losses are also spreading to ordinary people, as ETF giants and mutual funds are the second-largest shareholders after Mr Musk. Among them, Pioneer is the second largest shareholder of Tesla, which expects a recession next year. It owns nearly 7 per cent of Tesla. As a result, the value of its stake lost nearly $23 billion compared with the end of the Twitter deal.

Musk's obsession with Twitter may eventually cost Tesla investors dearly. "this is still a quagmire for Musk and Tesla investors," Dan Ives, an analyst at Wade Bush Securities, said in an analysis to clients. "Tesla shares are under great pressure against a background of widespread risk aversion, and this is a painful period for Tesla bulls."

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