After Twitter approved Elon Musk's offer of $ 44 billion, Tesla lost nearly $ 126 billion in market money in a single day.
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Tesla lost $126 Billion in market value in one day
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After Twitter approved Elon Musk's offer of $ 44 billion, Tesla lost nearly $ 126 billion in market money in a single day. On Tuesday, Tesla's stock price fell by about 12%. Tesla lost almost $ 126 Billion in market value and the stock price went fro...
On Tuesday, Tesla's stock price fell by about 12%. Tesla lost almost $ 126 Billion in market value and the stock price went from $ 995 to $ 876 that day. Tesla's total market value goes from $ 1.1 Trillion to $ 905 Billion.
The big drop came after Twitter announced they were right with Elon Musk's $ 44 Billion offer and Tesla investors are worried about how Elon Musk will pay.
At $ 44 Billion, Elon Musk received an estimated $ 25.5 Billion in a banking group led by Morgan Stanley. Other prominent banks include Bank of America, Barclays, MUFG, Societe Generale, Mizuho Bank, and BNP Paribas. The funding includes a $ 12.5 Billion margin loan against Musk's Tesla shares.
And another $ 20 billion will come from Elon Musk's pocket. Although Musk did not say how he would pay the bill, Tesla's investors are worried that he will sell a large portion of Tesla and that is why Tesla lost 126 Billion of market value.
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Courtesy Grizler.com
