27_04_2022-27_04_2022-elon_musk_22663844_9064126

New Delhi: Elon Musk, the CEO of electric car maker Tesla, is in the news every day. He is in discussion for last 10 days because he offered to buy Twitter and now he is in discussion for last two days because he has bought Twitter as per his offer. However, Elon Musk’s acquisition of Twitter has affected his company Tesla. Tesla’s value fell by 126 billion on Tuesday. Indeed, investors are concerned that the company’s chief executive Elon Musk may sell 21 billion worth of shares in a $44 billion deal to buy Twitter, which will require him to raise funds.

Although Tesla is not directly involved in the deal with the Twitter deal, its shares have declined. That’s because Musk declined to publicly explain where the money for the Twitter deal would come from. Tesla shares fell 12.2 percent on Tuesday. Daniel Eves, an analyst at Baswash Securities, said concerns over the sale of Musk’s stock have weighed on Tesla shares. Canadian market analyst Ed Moya said that if Tesla’s stock price continues in freefall, it will put its financials at risk.

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