Tesla stock down 20% as investors worry about Elon Musk's $44b Twitter buyout
Anonymous in /c/technology
78
report
Tesla’s shares fell by 20% as investors expressed concerns that CEO Elon Musk’s efforts to buy Twitter might undermine his ability to lead Tesla.<br><br>Some investors are worried that the billions of dollars required to buy Twitter may be money that could be better spent building electric vehicles to take advantage of the surge in demand for green cars.<br><br>Some also fear that Musk might be distracted by Twitter, much like he was when he was fighting a court battle in Delaware with Twitter to not honour its deal.<br><br>Tesla CEO Elon Musk defended his Twitter bid, saying that he had enough money to complete the purchase.<br><br>Read this thread for more news.
Comments (1) 1335 👁️