Elon Musk Going Overboard for Twitter, Should Focus on Tesla, Say Angry Tesla Investors

Competition is increasing for Tesla among the big electric vehicle (EV) companies. Tesla head Elon Musk has been focusing on ventures ranging from the microblogging site Twitter to space travel and artificial intelligence for the past several months. Tesla’s investors are angry with this and have advised Musk to focus on the EV company.

In the report of Bloomber, quoting the Markets Live Pulse survey, it has been told that 54 percent of the people who participated in this survey Tesla Told to increase competition for big risk. Apart from this, 26 percent people said that Musk’s behavior and his decisions are a cause of concern for Tesla’s shareholders. Tesla’s profit margin has come down. About 67 percent of the people in this survey said that Musk should pay more attention to Tesla. However, Tesla’s stock has gained a whopping 128 percent this year. There are reasons behind this, such as increasing interest of investors in big companies of the tech sector and Musk’s announcement of launching fully autonomous vehicles soon.

Tesla has the first place in the international market of EV. However, the share of its rivals is increasing rapidly. China’s BYD delivered 3,52,163 EVs in the second quarter. For Tesla, this figure stood at 4,66,140 units, which is a record for the company. Despite this, analysts say that this lead of the company may end soon as other automobile companies may also launch their vehicles in this segment due to the new policy of the government in America along with increasing the share of rivals.

Tesla has started talks with the central government to set up a factory in India. company The annual capacity of the factory will be around five lakh units. The prices of the company’s India-made electric cars can start from Rs 20 lakh. Tesla also plans to make India a base for exports. Musk had a meeting with Prime Minister Narendra Modi in America last month. After this Musk had said that he is considering investing in India as soon as possible. He said, “India has more potential than any big country in the world. I am sure Tesla will come to India soon.”