Tesla lost $126 billion after Musk bought Twitter
- April 27, 2022
- 0
Tesla lost $126 billion as investors feared it would have to sell shares to contribute $21 billion as part of the $44 billion Twitter buyout of Ilona Maska.
Tesla lost $126 billion as investors feared it would have to sell shares to contribute $21 billion as part of the $44 billion Twitter buyout of Ilona Maska.
This was reported by Reuters, Ukrinform reports.
“Tesla Inc lost $126 billion on Tuesday as investors feared that CEO Elon Musk may have to sell shares to invest $21 billion in a $44 billion acquisition in Twitter Inc,” the news agency said.
It is stated on Twitter that Tesla was not involved in the deal, but its shares became the target of speculators after Musk refused to publicly reveal where the funds came from.
Shares of Twitter also fell 3.9% to $49.68 on Tuesday, though Musk agreed to cash it on Monday for $54.2 per share.
Such a drop in value is stated to reflect investors’ concerns that the sharp decline in Tesla’s shares, from which Musk acquired most of his 239 billion fortune, could prompt the world’s richest man to consider a deal with Twitter.
As Ukrinform reported, Elon Musk signed an agreement to buy the company on Monday. excitement Transferring control of one of the world’s largest social media platforms to the world’s richest man for $44 billion, Inc.
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
