Tesla (TSLA) Stock: Musk’s Ryanair Feud Raises Stock Sale Questions
Elon Musk's public spat with Ryanair CEO Michael O'Leary over Starlink service has escalated into market-moving territory. The Tesla CEO polled X users about acquiring the $35 billion airline, raising concerns about potential stock sales to fund such a move. Tesla shares fell 4.2% amid broader market weakness, though tariff concerns appeared the primary driver.
Meanwhile, Tesla confirmed production timelines for its Cybercab robotaxi and Optimus robot, with volume manufacturing slated for 2026 and late 2024 respectively. The slow initial ramp mirrors Tesla's historical production curves, where early bottlenecks give way to exponential scaling.
For cryptocurrency markets, such high-profile corporate drama often creates volatility spillover effects. While no direct crypto links emerge here, Musk's history with Dogecoin and Bitcoin means his corporate maneuvers remain closely watched by digital asset traders.