Tesla Stock Drop Wipes Out $126 Billion in One Day

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Tesla stock is down more than $275 billion since April 4, after Elon Musk disclosed his intentions to buy Twitter

Per the article below; 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.

But Musk isn’t doing Tesla any favors by providing scant details on how he will cover the $21 billion equity piece that he personally guaranteed. What’s known is that Musk is using Tesla shares as collateral in the transaction. That has led to investor worry that the Tesla chief executive may sell some of his stake to fund the Twitter acquisition.

“Tesla has three strikes against it today,” said Arthur Hogan, chief market strategist at National Securities Corp. “Apart from the worries about a share sale and a wider selloff in growth stocks, Tesla shares are also reflecting some concern that Elon Musk could be spreading himself and/or his bench too thin taking on this new challenge.”

Tesla stock drop wipes out $126 billion in one day

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.

 

Tesla shareholders should be concerned with Elon’s bid for Twitter: The Verge’s Patel

Nilay Patel, The Verge editor-in-chief and CNBC contributor, joins ‘TechCheck’ to discuss the effect on Elon Musk’s businesses outside of Twitter, if foreign buyers could be interested in purchasing Twitter and more. Sign up and learn more about the CNBC Investing Club with Jim Cramer

 

Since Elon Musk stated that Republicans has stayed the same since 2008 and Democrats has become extremest, he’s proven that he’s out-of-touch with reality and a potential threat to Democracy with his plans to remove moderation, which may allow online bullying, perpetuating lies and conspiracy theories.

Elon Musk must watch primarily Fox Fake News and other Radical Right Wing Republican Propaganda Misinformation outlets to believe the above and not be aware of all the Damage Republicans has been doing to our country and Democracy for the past 20 years.

 

Former Republican strategist and author of “It was all a lie” Stuart Stevens and former Chairman of the Republican National Committee, Michael Steele discusses how Extremists Have Taken Over the Republican Party.

The fact that Elon Musk either doesn’t know or refuses to admit it’s Republican’s who are the extremists, proves he’s an out-of-touch IDIOT, unfit to own Twitter.

 

Elon Musk appears to be oblivious to the fact that Trump and Radical Right Wing Anti-Democratic Republicans incited an insurrection and coup d’etat on January 6, 2020 to Steal & Overturn the 2020 Election, while FALSELY claiming (with no proof) the election was stolen from them.

Was MUSK on this planet when this was happening or out in outer-space?

 

 

Republicans are Destroying our Democracy… Threatening our Liberty & Freedom by passing laws which Criminalize Assembly & Protests, Laws Limiting what can be Discussed & Taught in Classrooms, Laws Legalizing Running over & Killing Protestors, Anti-Choice Legislation Against Women, Turning the U.S. into a Gestapo Secret Police State by Placing $10,000 Bounties on anyone who helps a Women get an Abortion, Rigging Elections by Gerrymandering, Voter Obstruction, Voter Purges, Passing laws to Overturn Election Results, Decreasing Voting by Mail, Decreasing Drop Boxes, Decreasing the Days & Hours people can Vote, Making it Illegal to give Food or Water to people waiting in Long Lines they’re responsible for causing to make it difficult to Vote.

They’re Qanon Conspiracy Nuts, Science Deniers, Facts Deniers, Bigots, Racists, Homophobes, Bullies, Gun Nuts, Domestic Terrorists, White Supremacist, Neo Nazis, Anti-Democratic Fascists, Tyrannical Authoritarians and Christian-Taliban Sharia Law Religious Fanatics who’s passed laws outlawing abortion, even in cases of incest or rape.

 

 

 

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