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Tesla stock down 23% since Twitter buyout announced
Musk expected to sell and pledge Tesla holding

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Twitter makes Tesla crash, shareholders lose $126 billion in a day

Name: Twitter makes Tesla crash, shareholders lose $126 billion in a day
Uploaded: 2022-04-27T08:35:32.000+05:30
Duration: T00M47S
Channel: Editorji News Desk
Description: How will Elon Musk get the money to buy Twitter - the answer seemed simple; Tesla. It is this very assumption that robbed shareholders of $126 billion dollars in value as the Tesla stock tumbled over 12% in Tuesday's trade. Mus...

Musk owns 172.6 million Tesla shares, or a 17% stake, which makes him its single largest individual shareholder.

Updated: Sep 02, 2022 10:53

Editorji News Desk

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Twitter makes Tesla crash, shareholders lose $126 billion in a day

How will Elon Musk get the money to buy Twitter - the answer seemed simple; Tesla. It is this very assumption that robbed shareholders of $126 billion dollars in value as the Tesla stock tumbled over 12% in Tuesday's trade.

Also read/watch | Elon Musk's Trinity: Twitter, Tesla and SpaceX, but there is Boring and Neuralink too

Musk owns 172.6 million Tesla shares, or a 17% stake, which makes him its single largest individual shareholder. Analysts expect him to pledge and sell some of this stock to provide for the $21 billion he is expected to put up himself for the Twitter acquisition.

Also read/watch | LIC IPO downsized: Size, price, value all see bit cuts

Tesla stock is down nearly 23% since the planet's richest man announced his intention to buy Twitter. But as they say misery loves company, this fall has made Musk poorer as well by $40 billion in stock value.