A few days before Tesla bring an update that said that Cybertruck electric pickup can become the Boat for some time. It means you can travel with this on lakes. Now, when Elon Musk said he’d buy Twitter at the original offer price after all then the company stock fall on this news. Earlier also he was trying to buy the Twitter company but that’s not happened. So, due to this a 1.5 percent decrease this week versus a 12-point slide last April, wiping $125 billion off the electric automaker’s market valuation.
The main cause of this week’s dropping price is not clear whether it is because of Twitter news or residual mockery from the reveal of Tesla’s humanoid robot last week. It’s also a loose collection of vibes and feelings around Musk’s pole position as a prognosticator about robots, self-driving cars, Martian colonies, and other far-flung fantasies about the future.
With this multitasking increasing
In addition to Tesla, Musk is CEO of SpaceX and oversees tunneling venture The Boring Company, brain chip venture Neuralink, and research lab OpenAI, all of which contribute to a growing sense that Musk may have too many plates spinning at one time. Tesla is the only public company where investors can register their feelings about Musk, and so far, Wall Street doesn’t appear overly concerned about his multitasking.
The company made a profit of over $3 billion in the first quarter and is on track to sell 2 million vehicles this year. Musk has said he aims to sell 20 million electric cars by 2030, which would make it larger than Toyota and Volkswagen combined.
If the deal is finalized Who will run Twitter?
It’s not clear how involved Musk plans on being in Twitter’s day-to-day operation. Loup Ventures analyst Gene Munster predicted that he was unlikely to spend too much time at the San Francisco-based social media company, as evidenced by his attempts to wriggle out of the deal. Some of that may be wishful thinking, though. Musk has proclaimed that he has “a ton of ideas” for Twitter that will be “maximum amazing.”
At this point, Twitter has yet to drop its lawsuit, and there is still a trial scheduled. Musk is a uniquely unpredictable character and could certainly try to slip out of the deal before it closes. But if the deal does go through and he becomes the new owner of Twitter, Tesla could see a range of challenges arise as its CEO embarks on yet another time-consuming venture.
Will Musk be ready to sell more stock?
Buying a company needs a lot of preparation like Musk’s stock in Tesla forms part of the complex, hastily assembled funding for the Twitter deal, too. He has pledged $12.5 billion from a loan secured against his Tesla shares as part of a package that also includes $13 billion of debt from banks and $21 billion in cash. There are going to swing, up and down. If the public is unhappy with him, it’s going to drop.
If the public is happy, there will be an uptick. Right now, it’s very volatile. And this summer, the company approved a three-way stock split to make shares cheaper for buyers.
At last, whether it falls in price will depend a lot on whether Musk needs to sell more of his shares to finance the deal.
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