Tesla, Twitter shares drop as Elon Musk's legal issues grow
https://apnews.com/7e8f53143e510cdd7171b5ecc2486863
DETROIT (AP) — Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform.
Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. Twitter shares fell 9.5% for the week, closing Thursday at $45.08. Both stocks have taken a bigger hit than the S&P 500, which is down 4.7% for the week.
Tesla, Twitter shares drop as Elon Musk's legal issues grow
May 12, 2022, 10:30pm UTC
https://apnews.com/7e8f53143e510cdd7171b5ecc2486863
> DETROIT (AP) — Shares of Tesla and Twitter have tumbled this week as investors deal with the fallout and potential legal issues surrounding Tesla CEO Elon Musk and his $44 billion bid to buy the social media platform.
> Of the two, Musk's electric vehicle company has fared worse, with its stock down almost 16% so far this week to $728. Twitter shares fell 9.5% for the week, closing Thursday at $45.08. Both stocks have taken a bigger hit than the S&P 500, which is down 4.7% for the week.