Tesla stock has dropped more than 35% since Elon Musk first said he'd buy Twitter

Since Tesla CEO Elon Musk announced his bid to buy social network Twitter, shares in his electric vehicle maker have dipped by more than 35%, and closed down just 3.6% for the day on Friday, amid a market rally that followed a volatile week. By way of comparison, the Nasdaq Composite is down by about 18% over the same time frame.

Musk first announced he had agreed to buy Twitter on April 25, 2022. Tesla shares closed that day at $332.67, and closed today at $207.47 capping his first full week of Twitter ownership.

Musk spoke at the 29th annual Baron Investment Conference on Friday,...