|
Re: Elon Musk buys Twitter for $44 Billion
Oops…
https://12ft.io/proxy?q=https://www....h=7bd71ff6707c
Quote:
Tesla Stock Plunge Wipes Out $114 Billion In Value As Twitter Deal Sparks Fears
Tesla shares collapsed Tuesday as investors continued to digest the implications of Twitter’s acceptance of CEO Elon Musk’s $44 billion bid for the social media giant, tacking onto already-staggering losses spurred by the Federal Reserve's looming interest rate hikes.
Tesla shares fell as much as 11% Tuesday to $890, pushing the stock down more than 28% from its all-time high in November and wiping nearly $25 billion from Musk's fortune and $114 billion from Tesla's market capitalization, which now stands at $920 billion.
"Tesla shareholders can’t be happy that Musk will have to divert even more attention away from winning the electric-vehicle race," Oanda analyst Edward Moya wrote in emailed comments, echoing concerns from Vital Knowledge Media's Adam Crisafulli, who also attributed the plunge to investor concerns about how Musk will finance his Twitter bid
|
__________________
There is always light.
If only we’re brave enough to see it.
If only we’re brave enough to be it.
If my post is in bold and this colour, it's a Moderator Request.
|