“Tesla” for the share of Tesla, yesterday Tuesday, as it fell more than 12%, thus losing about 126 billion dollars in value.
The above comes a few hours after the CEO of the electric car manufacturer, closed the big deal for the acquisition of the social networking medium Twitter.
Based on the above, the company’s capitalization now stands at $ 906 billion, up from more than $ 1 trillion on Monday.
According to Huffington, Tesla is not related to the deal for Twitter, however its shares have been targeted, as Musk refuses to publicly reveal where the money for the acquisition of the social media comes from, while pointing out the general climate of concern. investors say Musk may need to sell shares to fund his $ 21 billion stake in Twitter for a total of $ 44 billion.
The 12.2% drop in Tesla shares on Tuesday equaled a $ 21 billion drop in the value of his stake in Tesla, as well as cash that Musk personally pledged to give in his Twitter deal.
Financial analyst Daniel Ives said worries about Musk’s upcoming stock sales and the possibility of his being distracted by Twitter weighed on Tesla shares.
“If Tesla’s share price continues to fall freely, it will jeopardize its financing,” said Ed Moya, a senior market analyst.
huffpost.com
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