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7 October 2022 | Other

Tesla shares give up gains as Elon Musk renews his plan to buy Twitter

Tesla Inc

After the news that Elon Musk resumed the deal to buy Twitter Inc, the value of shares of Tesla Inc. dropped.

There is a possibility that in order to buy Twitter Inc, Elon Musk will also sell shares of an electric car company.

Musk dumped billions of dollars of Tesla stock over the summer to raise the cash needed to fund the deal.

If Elon Musk manages to buy the social media giant, it will raise the possibility that the CEO of Tesla Inc., will spread his funds even more.



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