Concern over Elon Musk’s Twitter takeover wipes $126bn off Tesla value

The Guardian says Investors have wiped $126bn (£100bn) off Tesla’s value amid concern that Elon Musk may have to sell shares in the electric carmaker to fund his personal contribution to his $44bn acquisition of Twitter.

Concern over Elon Musk’s Twitter takeover wipes $126bn off Tesla value

The Guardian says Investors have wiped $126bn (£100bn) off Tesla’s value amid concern that Elon Musk may have to sell shares in the electric carmaker to fund his personal contribution to his $44bn acquisition of Twitter.

Tesla stock has been targeted despite the company not being involved in the bid but Musk, its chief executive and largest shareholder, is part-funding the Twitter deal with $21bn of his own equity and a further $12.5bn loan secured against his Tesla stake.

The 12.2% drop in Tesla’s shares on Tuesday equated to a $21bn drop in the value of his Tesla stake, equal to the cash stake he committed to the Twitter deal.

https://www.theguardian.com/technology/2022/apr/27/concern-over-elon-musk-twitter-takeover-wipes-126bn-off-tesla-value

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