Twitter Takeover Math Is Finally Starting to Work in Elon Musk’s Favor as the CEO of Tesla Has Reportedly Tapped Old Pals for Financing
https://wccftech.com/twitter-takeover-math-is-finally-starting-to-work-in-elon-musks-favor-as-the-ceo-of-tesla-has-reportedly-tapped-old-pals-for-financing/
Tesla (NASDAQ:TSLA) shares have been hammered over the past couple of days as the specter of a veritable volley of stock liquidation from Elon Musk to finance his Twitter (NYSE:TWTR) takeover move took its toll, with the EV giant’s share price declining over 12 percent between the 25th and the 29th of April. Since then, however, Tesla’s share price has partially recouped recent losses, spurred by a relief rally of sorts in the broader market amid increased certainty on the Federal Reserve’s future rate hike trajectory.
Now, though, the math surrounding Musk’s $44 billion Twitter gambit is finally turning more favorable, as per the recent reporting from the NY Post.