Tesla Shares Dropped Nearly 3% in Morning Trading
Tiger Newspress2022-10-28
Tesla shares dropped nearly 3% in morning trading. Elon Musk completed his $44 billion acquisition of Twitter Inc late on Thursday.
Musk would have needed to raise an additional $2 billion to $3 billion to complete the financing for the deal.
Musk was widely expected to sell more of his Tesla shares in the nine-day window between the electric automaker's results on Oct. 19 and the Oct. 28 deadline to close the deal. A sale has not been notified so far, according to Reuters.
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