Tesla Lost $126 Billion in One Day After Elon Musk’s Takeover of Twitter! (Okay, but why?)
April 28, 2022
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Elon Musk, who bought 9.2% of Twitter earlier this month and then made an offer to buy everything, recently got what he wanted. Elon Musk has agreed to
Elon Musk, who bought 9.2% of Twitter earlier this month and then made an offer to buy everything, recently got what he wanted. Elon Musk has agreed to acquire Twitter for $44 billion. If Musk’s most general promise to Twitter users is ‘freedom of speech‘ happened.
On the other hand, Musk’s purchase of Twitter received mixed reactions in the markets. While some have argued that this is a good thing, others have expressed unease about Musk’s move. Some concerned investors are trying to buy Musk’s Twitter. He expected to sell some of his shares in Tesla.† Here, those investors caused Tesla stock to fall before such a statement came.
Tesla lost $126 billion in value in one day
Tesla continued its decline on Tuesday, which began with a massive drop in its stock, and ended. Company shares in just one day 12.18% depreciation lived. This loss of value, Tesla’s market value again in one day. $126 billion meltdown causes. The company has lost a total of 19.73% in value in the past 1 month period.
While the shares of all the tech giants fell, this decline was seen more among companies affiliated with Elon Musk. Musk bought Twitter Shares Also Dropped 3.89% and pulled back to the $49.68 level. Elon Musk buys Twitter for $54.20 a share.
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.