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Tesla loses $126 billion in value amid Musk Twitter deal funding concern
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 80172598:MV81MTIxMjQwXzkzOTU5MjU4X0Q1ODhGMkNB] [quote:7..X.LePsihoLog:MV81MTIxMjQwXzkzOTU5MjA2XzRGNDcyQjg4] what a hysteria after him because of twatter purchase... [/quote] Tards are afraid he'll have to dump Tesla stocks to come up with his cash share of the Twitter buy.:yawn: [/quote]
Tesla Inc lost $126 billion in value on Tuesday amid investor concerns that Chief Executive Elon Musk may have to sell shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc.
Tesla is not involved in the Twitter deal, yet its shares have been targeted by speculators after Musk declined to disclose publicly where his cash for the acquisition is coming from. The 12.2% drop in Tesla's shares on Tuesday equated to a $21 billion drop in the value of his Tesla stake, the same as the $21 billion in cash he committed to the Twitter deal.
Wedbush Securities analyst Daniel Ives said that worries about upcoming stock sales by Musk and the possibility that he is becoming distracted by Twitter weighed on Tesla shares. "This (is) causing a bear festival on the name," he said.
Tesla did not immediately respond to a request for comment.
less than 50%....
link to finance.yahoo.com (secure)
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