Tesla Shares Slide Amid Musk’s Vine Revival Announcement

Tesla (TSLA) stock tumbled over 8% as markets closed Thursday, extending its decline following another quarter of underwhelming financial results. CEO Elon Musk compounded investor concerns by hinting at a new venture—reviving the Vine social media platform with an AI twist.

Musk's cryptic X post—"We're bringing back Vine, but in AI form"—ignited speculation about his priorities. Historical patterns suggest TSLA shares react sharply to Musk's side projects. The stock previously suffered when he engaged in political activities, while Tesla-affiliated ventures typically buoy shares.

The original Vine platform pioneered short-form content later popularized by TikTok and Instagram Reels. Musk has floated this revival since 2022, when a Twitter poll showed strong user support for Vine's return during his Twitter acquisition.