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Apr 27, 2022

Tesla stock drops $128 billion in its value after Elon Musk bought Twitter for $44 billion and stockholders fear the uncertainty of future actions by Musk. John Iadarola and Jordan Uhl break it down on The Damage Report.
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Tesla Stock Plunge Wipes Out $128 Billion In Value As Twitter Deal Sparks Fears - =33a6b43b76f7
"Tesla shares collapsed Tuesday as investors continued to digest the implications of Twitter’s acceptance of CEO Elon Musk’s $44 billion bid for the social media giant, tacking onto already-staggering losses spurred by the Federal Reserve's looming interest rate hikes.
Tesla shares fell 12% Tuesday to $876, pushing the stock down more than 28% from its all-time high in November and wiping $25 billion from Musk's fortune and $128 billion from Tesla's market capitalization, which now stands at $906 billion."
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