Home Technology

Tesla (TSLA) Stock Down 12% Amid Elon Musk Twitter Deal Funding Concern – Bloomberg

Bloomberg Markets Asia. Live from Hong Kong, bringing you the most important global business and breaking markets news information as it happens.
Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. Reporters from Bloomberg’s Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues.
The only daily news program focused exclusively on technology, innovation and the future of business.
Hong Kong to Accelerate Reopening From This Week as Cases Fall
Australia CEOs Warn on Skilled-Worker Shortage Ahead of Election
Alibaba Stock Roiled by Report of China Curbs on Person Named Ma
Avis Soars as Profits Rise on Stronger Demand and Pricing
PayPal Helped Spur EU Antitrust Complaint Against Apple Payments
Supreme Court Set to Strike Down Abortion Rights, Politico Says
Senators Seek to Loosen Google’s Grip on Digital Ad Market
NYC Mayor Brings Political Statements Back to Met Gala With ‘End Gun Violence’ Jacket
Barclays Hires 18 From Credit Suisse in Prime-Brokerage Push
Amazon Tribes Turn the Tables on Intruders With Social Media
Zurich Ring Cycle Focuses on Dysfunctional Family of Gods
Misplaced Nostalgia to Decide Philippine Presidency
Fed Needs to Do More Than Raise Interest Rates
It Might Be Okay to Praise Your Children Now and Then
Nobody Knows Where the Red Line Is for Cyberwarfare
ESG Investing Is Hard. Doing It via ETFs Is Harder
Jack Bogle Was a Punk
U.S. Black Farmers Lost Billions in Land Value, Study Shows
Massachusetts Eyes Baby Bond Program to Narrow Racial Wealth Gap
Gender Pay Gap Leaves Some Asian Women $120,000 Poorer — Or Worse
California Briefly Inches Closer to 100% Clean Energy Goal
Manchin Eyes Tax on Carbon-Intensive Imports in Energy Package
What Does Affordable Housing Do to Nearby Property Values?
How Public Schools Are Going Net Zero
After Immersive Van Gogh, It’s Time for Live-Cosplay ‘Bridgerton’
Coinbase CEO Predicts One Billion Crypto Users Within a Decade
Two Argentine Banks Allow Customers to Buy Cryptocurrencies
Bitcoin Boosters Defend Mining to EPA, Blame Power Producers
and

Tesla Inc. wiped roughly $126 billion off its valuation Tuesday as the stock fell 12% on investors’ concern that Elon Musk may sell shares to complete his $44 billion takeover of Twitter Inc.
The electric-vehicle maker’s market capitalization is now down more than $275 billion since April 4, when Musk disclosed that he increased his Twitter stake. That’s a drop of roughly 23%. The dollar value of Musk’s 17% stake in Tesla has shrunk by more than $40 billion, almost double the equity portion he pledged in the Twitter transaction.

source

Ads
Previous articleMoon Knight: Who Is the Voice of Taweret, the Hippo Goddess? – Collider
Next articleMicrosoft rebrands its Android Your Phone companion app to Phone Link – The Verge