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Showing Tag: "tesla stock plunge wipes out $128 billion in value as twitter deal sparks fears" (Show all posts)

Tesla Stock Plunge Wipes Out $128 Billion In Value As Twitter Deal Sparks Fears

Posted by Jonathan Ponciano on Thursday, April 28, 2022, In : #WATCHLiST 



Topline

Tesla shares collapsed Tuesday as investors continued to digest the implications of Twitter’s acceptance of CEO Elon Musk’s $44 billion bid for the social media giant, tacking onto already-staggering losses spurred by the Federal Reserve's looming interest rate hikes.

Key Facts

Tesla shares fell 12% Tuesday to $876, pushing the stock down more than 28% from its all-time high in November and wiping $25 billion from Musk's fortune and $128 billion from Tesla's market capitalization, wh...


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