Tesla Loses $126-Billion Amid Concerns of Elon Musk’s Twitter Deal Funding

Automobile Business

On Tuesday, 26th April 2022, Tesla Inc. has lost 126 billion dollars in vales amid the concerns of the investors that, Elon Musk, chief executive of Tesla might have to sell the shares for the purpose of funding his equity contribution of 21 billion dollars to the purchase of 44 billion dollars of Twitter Inc.

Tesla is not involved in the deal of Twitter and yet the shares of company have been targeted by the speculators after Elon Musk has declined for revealing the deal amount publicly and also from where the money of the acquisition has been coming from.

The decrease of 12.2 percent drop in the shares of Tesla has been equated to a decrease of 21 billion dollars in the value of Elon Musk’s Tesla stake, which has been the same as the 21 billion dollars cash, which has committed to the deal of Twitter.

The company ‘Tesla’ does not responded immediately to a request for giving any response and for being sure, the share drop of Tesla has come against a challenging backdrop for many stocks related to the technology as the investors has been worried regarding the slow growth across the globe and has been more aggressive rate increases from the Federal Reserves of the United States.

Sandy

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