Earlier this week, Tesla stock cost fell 5% Monday to its lowest since June 2021, as CEO Elon Musk led a reshuffle at Twitter (NYSE:TWTR), Business Insider writes.

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Fears are mounting that mounting losses at Musk’s new company, Twitter, could force him to sell more of his Tesla stock. Meanwhile, several companies have already suspended their advertising spending on Twitter after Musk bought the company.

After Musk completed his $44 billion purchase of the social network late last month, several companies have suspended their ad spending on the platform, which could lead to its growing losses, which in turn could force Musk to sell more of his Tesla stock if there is no recovery soon.

The task ahead of Musk is not an easy one: within a month, he will have to deal with the situation on Twitter; make users understand what the company’s products are, and make advertisers understand what their content moderation is. but if he fails to do so under current conditions, he will have to sell Tesla stock in April.

As advertisers leave, Twitter will need the money.

The drop in Tesla stock on Monday took them to $196.66, while the $200 level represents a significant level of support for traders, as a close below the $200 mark would signal to investors that there could be further declines ahead.

Earlier we reported that European stock markets finished trading in the red.