Tesla stock has lost 23% of its value in a month as Elon Musk seeks to buy Twitter and restore Trump
Posted: Wed May 11, 2022 10:00 pm
https://www.rawstory.com/elon-musk-twitter-tesla/
The stock of the world's richest man's electric car company is suffering as he seeks to purchase a social networking platform.
"Shares of Tesla (TSLA) have plummeted about 20% since Musk first disclosed plans to buy all of Twitter and take it private. That's a key reason why Twitter's stock (TWTR) is now more than 10% below Musk's proposed $54.20 a share purchase price," CNN reported Wednesday. "This seems to suggest investors have doubts about whether Musk will get the deal done at the original price, despite the fact that he recently lined up more than $7 billion in financing from an impressive group of investors that includes mutual fund powerhouse Fidelity, venture capital giant Sequoia and Oracle (ORCL) co-founder Larry Ellison."
The stock of the world's richest man's electric car company is suffering as he seeks to purchase a social networking platform.
"Shares of Tesla (TSLA) have plummeted about 20% since Musk first disclosed plans to buy all of Twitter and take it private. That's a key reason why Twitter's stock (TWTR) is now more than 10% below Musk's proposed $54.20 a share purchase price," CNN reported Wednesday. "This seems to suggest investors have doubts about whether Musk will get the deal done at the original price, despite the fact that he recently lined up more than $7 billion in financing from an impressive group of investors that includes mutual fund powerhouse Fidelity, venture capital giant Sequoia and Oracle (ORCL) co-founder Larry Ellison."