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.
Writing is a medium to express feelings and convey facts. A creative mind never rests in peace and this amazing platform gives me the freedom to write about what I like most.
I’ve been a writer/blogger for the last twelve years and have covered technology-related topics. However, I also have considerable years of experience in writing for various domains – Technology, Beauty, Fashion, Pharmaceutical, human psychology etc. Technology is my forte.
I’ve handled many interesting projects. Writing is my passion. As an author, I’ve learned a lot in my long journey of penning down my thoughts!
After discussions with the government, Premier League clubs have agreed to stop sponsoring their front…
Analysts reported that Novatek, a Russian natural gas producer, acquired Shell's stake in the Sakhalin-2…
The electric drivetrain of the next generation for Volkswagen's "ID" has been unveiled. Family EV.…
According to research, global egg prices are expected to remain at an all-time high until…
Ohme becomes Audi's Official UK Smart Charger Partner Ohme has been selected as Audi's new…
GM Ventures has signed a strategic agreement to develop EnergyX's lithium extraction and refinery technology,…