Elon Musk’s adventure to buy Twitter, which began in early 2022 and ended only last month, has been painful for everyone and continues. The fact that he fired the CEO as soon as he took over the platform, the Twitter Blue feature he brought to the platform and the depreciation of Twitter stocks followed.

However, according to Dan Ives, a Tesla analyst, Elon Musk’s only loss will not be on the Twitter side. Twitter has become a black hole for Elon Musk, seemingly destroying Tesla and SpaceX.

Musk sold a large amount of SpaceX stock to pay off the debt he took to buy Twitter.

“Right now, Twitter is now a money trap. The best thing Musk can do right now is to focus people with social media backgrounds on Twitter; Develop a strategy to keep advertisers on the platform. Then it should put its own focus on SpaceX and Tesla.”

The worst to face Musk, who lost a large chunk of SpaceX stock, is not even that, according to analysts. The Twitter acquisition has already started dragging Tesla shares down, they said.

In fact, according to information shared by CNBC, shares of the Tesla company have risen since Elon Musk first said, “I’ll buy Twitter.” lost 35% of its value. Tesla shares, which closed at $332.67 in April 2022, are as of this month. It closed at $207.47.

According to the analyst, Musk should withdraw his focus from Twitter and return it to SpaceX and Tesla. It is increasingly becoming a money pit for the famous billionaire. Of course there are those who object to what Dan says. What do you think? Please don’t forget to share your thoughts with us in the comments.