Tesla stock had its worst week since Mar. 2020 during a 'very intense 7 days' for Elon Musk

Tesla shares dropped astir 16% during what CEO Elon Musk called a "very aggravated 7 days indeed" to 1 of his 108 cardinal followers connected Twitter.

Tesla shares closed astatine $265.25 connected Friday, Sept. 30. At market's adjacent 1 week later, Tesla shares were trading astatine $223.07, a diminution of astir 16%. It was the worst week for the banal since Mar. 2020, erstwhile the Covid-19 pandemic began to grip the U.S., shutting down businesses and nationalist life.

Over the weekend, Tesla reported electrical conveyance accumulation and delivery numbers that did not conscionable analysts' expectations.

On Monday, Musk proceeded to stir up a governmental firestorm by opining astir however helium thought Russia's brutal penetration of Ukraine should beryllium resolved.

After that, nationalist records revealed that Musk had informed the Delaware Chancery Court that helium would complete a $44 cardinal acquisition of Twitter successful October, a woody helium had been trying to evade for months.

According to estimates compiled by FactSet-owned Street Account, analysts had been expecting Tesla to study deliveries of 364,660 cars for the play ending September 30, 2022.

But past weekend, Tesla reported deliveries of 343,000 total, and accumulation of 365,000 electrical cars -- contempt having started accumulation astatine 2 caller factories successful Brandenburg, Germany, and Austin, Texas.

Analysts wondered if Tesla present faces request erosion successful China, wherever it is facing the steepest contention from BYD, the Warren Buffet-backed lithium ion artillery and electrical conveyance maker.

Tesla besides held an engineer recruiting event precocious connected Friday past week successful which it trotted retired a rough, aboriginal prototype of a humanoid robot and talked astir remaining challenges and advancement successful processing self-driving exertion that tin crook its cars into robotaxis with a bundle update.

The robot demo failed to impressment manufacture insiders but its imaginable captivated immoderate fans and bullish analysts.

On Monday, Musk posted a Twitter poll gauging enactment for what helium claimed was a apt result of the seven-month struggle betwixt Russia and Ukraine.

He suggested caller UN-supervised votes successful Ukraine connected whether definite divisions of the antiauthoritarian federation nether siege should articulation Russia. He besides suggested Ukraine should cede Crimea to Russia, and that the federation should past stay "neutral" alternatively than aligning with either NATO oregon Russia.

The Kremlin praised Musk, but helium drew crisp disapproval from galore others including Ukraine President Zelenskyy, Ukraine ambassador to Germany Andrij Melnyk, South Carolina Senator Lindsay Graham and anti-Putin quality rights activistic and erstwhile chess champion Garry Kasparov.

Kasparov, who sought to artifact Putin's emergence to powerfulness and was jailed and beaten for his activism earlier fleeing the country, described Musk's program arsenic a "repetition of Kremlin propaganda."

While Musk primitively agreed to bargain Twitter successful April 2022, helium spent months aft that accusing the institution of lying astir its idiosyncratic metrics successful fiscal filings, portion warring successful tribunal to get retired of the woody helium proposed.

Twitter had sued Musk to marque definite the woody would spell up arsenic promised, seeing a windfall for its shareholders. Facing a deposition this week, and with a proceedings start-date looming, Musk sent a missive to Twitter and the tribunal this week saying helium would instrumentality the institution backstage astatine $54.20 per stock aft all. He wanted Twitter, oregon the court, to enactment the litigation, and a justice gave him until October 28th to wrapper up the woody oregon proceed to trial.

The Tesla and SpaceX CEO whitethorn person to merchantability different chunk of his shares of Tesla to concern the Twitter acquisition. He volition lone beryllium capable to bash truthful connected oregon aft Oct.19, erstwhile the electrical conveyance shaper reports its third-quarter earnings.

Despite his volatile week, Musk astatine slightest notched a historical nonrecreational accomplishment astatine his re-usable rocket venture, SpaceX. The institution launched 4 radical to the International Space Station from Cape Canaveral, Florida connected Wednesday.

The ngo is SpaceX's 5th operational unit motorboat for NASA to day and the company's eighth quality spaceflight successful conscionable implicit 2 years. One of the radical to alert with SpaceX connected this latest ngo is Russian cosmonaut Anna Kikina.

Musk besides boasted astir the commencement of accumulation of the years-delayed Tesla Semi, a heavy-duty all-electric truck, and promised that the institution would present immoderate of the trucks to Pepsi by Dec. 1.