TEsla shares closed 3.6% lower after Elon Musk made an infamous $43 billion bid to buy Twitter.
Musk offered $54.20 a share to buy Twitter, and also posted on his social media channels.
CEO of Tesla He especially wants to convert Twitter. hold him 9.1% share In the company at the moment.
Musk is also the owner SpaceX And boring company. , except for Tesla—a company that Musk bought—both institutions were built by the world’s richest.
at about 11 a.m., Tesla stock fell 3.8% in New York. The company declined 5.7% Since Musk revealed his intention to acquire Twitter.
The drop more than doubled in the broader S&P 500 index through Wednesday.
As CEO of A trillion dollar company “Elon Musk should focus on Tesla and not waste time trying to acquire and manage a $43 billion company,” said David Trainer, CEO of investment research firm New Constructs.
What do experts say about Musk’s move on Twitter?
As CEO of A trillion dollar company Elon Musk should focus on Tesla and not waste time trying to acquire and run a $43 billion company.” David TrainerCEO of investment research firm New Constructs.
“If the deal succeeds, there are two concerns from the perspective of TSLA shareholders,” said Wells Fargo analysts.
“One, TSLA It is currently in the early days of heating two plants, Austin and Berlin, which is likely to double its global capacity. Running Twitter might be a potential distraction for a CEO who already has a full dashboard. Second, the terms of the acquisition financing are unclear. Elon’s most liquid asset will be welcomeTSLA shares valued $170 billion.
“Therefore, there is a risk if it decides to sell more shares of TSLA to fund the acquisition, which could put pressure on the stock.”
distance Tesla’s behavior fell, Twitter Her business increased. On Thursday, Twitter shut down with a letter 2.2% increaseAfter closing at $45.85 a share on Wednesday.
