News > Why Did Tesla Lose $126 Billion In Value After Musk Wins Twitter Deal?
Why Did Tesla Lose $126 Billion In Value After Musk Wins Twitter Deal?
LiveMint | 27/04/2022 10:33 AM | Click to read full article
Elon Musk will acquire microblogging and social networking service giant, Twitter. It has been confirmed! The deal was highly anticipated in recent days, however, it sent a frenzy on the stock market with Tesla witnessing a panic selloff.
Tesla lost a whopping $126 billion in value on Tuesday and the reason behind it - was concerns over how the company's Chief Executive Elon Musk will fund his $21 billion equity contribution to the total $44 billion deal for Twitter.