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Elon Musk's Twitter chaos has investors asking Tesla to act like a basic automaker

elon musk twitter
Tesla investors want Elon Musk to return focus to the EV company instead of "focusing on his new golden child Twitter."Getty Images
  • Tesla investors think Elon Musk's Twitter controversies are hurting the automaker's value.

  • Musk has bristled at criticisms that running Twitter keeps him from focusing on Tesla.

  • Tesla shares dropped 65% in 2022, and are still sliding.

As Elon Musk bounces from controversy to controversy at Twitter, some Tesla investors are hoping the electric car company will start acting like a more mature company.

Once mired in the "production hell" that kept it scrambling to meet rampant demand, the EV pioneer is now navigating waters more familiar to its established rivals. Tesla recently reported disappointing fourth quarter sales after offering hefty discounts on its most popular vehicles in the US and China, a worrying sign of over-building.

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While Tesla deals with these time-worn industry problems, Musk has courted controversy at Twitter, and Tesla investors are tiring of the potential effect on Tesla's value.

"The Cinderella ride is over for Tesla," Wedbush analyst Dan Ives wrote in a recent note. "Musk now needs to navigate the company through this Category 5 dark macro storm instead of focusing on his new golden child Twitter, which remains a distraction and overhang for the Tesla story/stock in our opinion."

Musk has said he's not missing any important Tesla meetings or ignoring important business decisions since taking over at Twitter, and that he "literally can't think of anything" he could have done to help Tesla's execution in the last two months of 2022.