What’s Going On With Tesla Stock?
2 min readTeslaInc TSLA shares are sliding Monday. Reports indicatethe Elon Musk-led company's approval rating has slippedinto negative territory.
What Happened: According to aWall Street Journalreportciting a YouGov survey, Tesla'sapproval rating has dropped to a net negative score of 1.4%.This marksthe first time Tesla has receiveda net negative score since YouGov began tracking the EV company in 2016.
The report also points toa political divide in sentiment. Self-described liberalsnow reportedly appear to view Tesla negatively compared to conservatives.
Check This Out:Is Elon Musk Hurting Tesla? Brand Charm Hits New Low On Heels Of Twitter Takeover
Such likely has a lot to do with Musk's Twitter takeover. The Tesla CEO'stweets appear to have become increasingly political in recent weeks.
Over the weekend,Musk responded toa follower suggesting he is"getting too political"bysaying it "must be done for the future of civilization, without which nothing matters."
Moreover, Tesla investors appear to beconcerned that Musk's increased focus on the social media platform could eat into time spent on Tesla.
What Else:An image of the TeslaCybertruckwith anapparent single-piece rear megacast recently surfaced on social media. Benzinga tracked it down.
Related Link:Tesla Cybertruck Rear Casting Leaked In New Image
TSLA Price Action: Tesla has a 52-week high of $402.67 and a 52-week low of $166.19.
The stock was down 6.14% at $168.01 at time of publication, according toBenzinga Pro.
Photo: courtesy of Tesla.
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