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Elon Musk Faces Double Damage with Twitter Deal Row!
By: Tupaki Desk | 27 April 2022 12:13 PM GMT
The World's Richest Man Elon Musk had struck a deal of buying the social media giant Twitter. The deal would cost Elon Musk a stunning $44 billion amount. After the announcement was made many discussions on how Elon Musk would collect such a big amount to take control of Twitter.
Many people felt that Elon Musk is likely to sell the shares of Tesla Inc to get the money. This fear had taken the investors and speculators into a frenzy and as a result, the shares of the company were hit as Tesla saw a dip in share value by more than 12 percent.
As a striking resemblance, Elon Musk's Tesla company's share value fell by $21 billion, which is the same amount Elon Musk had mentioned giving in cash to get the Twitter deal. Now everyone is thinking about how Elon Musk would arrange for such a big amount as he lost the same amount with the share price decline.
The Twitter deal has not only impacted the share value of Tesla, but Twitter also faced the heat as its share prices also saw a dip. It is two-time damage to Elon Musk. While shareholders are worried that Tesla shares might be sold, the prices declined.
Coming to the microblogging site Twitter, many people had their observations on what Elon Musk would do to Twitter, and doubt of whether Twitter will be the same way it would have been so far had also started. All these developments resulted in the share prices going down.
Many people felt that Elon Musk is likely to sell the shares of Tesla Inc to get the money. This fear had taken the investors and speculators into a frenzy and as a result, the shares of the company were hit as Tesla saw a dip in share value by more than 12 percent.
As a striking resemblance, Elon Musk's Tesla company's share value fell by $21 billion, which is the same amount Elon Musk had mentioned giving in cash to get the Twitter deal. Now everyone is thinking about how Elon Musk would arrange for such a big amount as he lost the same amount with the share price decline.
The Twitter deal has not only impacted the share value of Tesla, but Twitter also faced the heat as its share prices also saw a dip. It is two-time damage to Elon Musk. While shareholders are worried that Tesla shares might be sold, the prices declined.
Coming to the microblogging site Twitter, many people had their observations on what Elon Musk would do to Twitter, and doubt of whether Twitter will be the same way it would have been so far had also started. All these developments resulted in the share prices going down.
