Tesla Stock Has Dropped More Than 35% Since Elon Musk First Said He'd Buy Twitter

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Tesla Stock Has Dropped More Than 35% Since Elon Musk First Said He'd Buy Twitter
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The world’s richest man has a lot on his plate.

Musk's ownership of the social network has caused some automakers, including GM and Audi, to pause ad spending there. But it's not clear how it will impact Tesla in the long run.

At the investor conference, Musk also reiterated that Tesla still intends to develop an electric car that's less expensive than it's entry Model 3 electric sedan. He also re-stated a goal of being able to produce 40,000 cars per day.

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