Tesla shares and Shiba Inu share the same performance in 2022

Shares of Tesla and meme token Shiba Inu have performed similarly this year, showing a big decline since early 2022. Both assets lost about 70%. The recent price cut of $7,500 for the Model 3 and Model Y for those expecting cars this month sent the leading electric car maker's shares down 9%.

After this observation, people began to talk about the future of Tesla and the continued decline in the company's shares. Recall that the CEO of the company, Elon Musk, said that he did not exclude the complete ruin of the auto industry in the future.

Investors, in turn, became concerned about the fact that Musk could sell shares of his company, which in turn could increase the drawdown of Tesla securities. The latter may be directly related to his recent acquisition of Twitter to fund a media company.

Experiences are not caused from scratch. Last week, the CEO of the electric car maker sold $3,500,000,000 worth of assets. In order to avoid excitement from investors, Elon Musk announced that he would not sell Tesla shares for two years.

Despite this, asset growth was not very optimistic and amounted to only 1.2%. People have repeatedly noticed that Elon Musk could sell shares of Tesla even when he spoke about refraining from such actions. In this regard, the distrust of investors, if it has decreased, then to an insignificant extent, and they are still worried about the situation.