Tesla stock down nearly 25% since Musk announced his takeover bid of Twitter

[Roland99]

Link to tweet

Tesla (TSLA) stock down 23.8% since elon announced his Twitter takeover bid.

REMEMBER, 25% of the financed was leveraged upon shares of his own stock (which are approaching a 25% drop in value since the announcement)

[Kid Berwyn]

1. Wait until the class-action lawsuits kick in.

Overheating CPUs, blank screens, safety overrides…

Really. Not trying to manipulate the stock price.

[LetMyPeopleVote]

2. This will affect the financing of the Twitter deal

The twitter deal was being finance by a pledge of Tesla stock

[louis-t]

3. Boo frickin hoo.

Where's my fucking violin? Oh, here it is.

[SoonerPride]

4. I still think the sale won't actually go through

I could be wrong (and often am) but I think this deal will never actually be completed.

[Marius25]

5. Good, I hope his narcissistic stunt destroys Tesla

[SWBTATTReg]

6. So the markets are assigning basically a zero dollar value to his shares offered in the sale?

Obviously they don't think much of using one's shares for this transaction. Kind of when a company buys a company using its highly inflated stock price and the markets are discounting the value of the offered shares, being that they usually aren't that great a deal, using a highly appreciated stock to buy stuff. Quite a few companies are guilty of this, using their highly inflated stock to buy assets, but then they get pushback from the remaining share holders (IMHO).

[LetMyPeopleVote]

7. This will hurt the financing of the Twitter deal

That deal involves the pledge of Tesla stock

Link to tweet

[WarGamer]

8. To be honest... TSLA is holding up rather well.

A LOT of big names are down 50%+ from recent (12mos) highs...

The market is a shambles right now.

A few examples:

Shopify.

$1800/share to $300

Upstart.

$400/share to $30

Netflix

$700/share to $160

Facebook

$380/share to $180

Google

$3000/share to $2200

Amazon

$3700/share to $2100






and TSLA

$1200 to $730

[Tickle]

10. Wow I new the market

was not doing well but I didn’t know it went as low as your post

[WarGamer]

11. It's bad.

I'm a daily options trader.

It's really on shaky ground.

Summer of 2021 leading into November was "irrational exuberance" at a grand scale and it's just come apart ever since.

Companies who made NO MONEY with multi-billion dollar valuations... it was crazy.

[Takket]

9. i don't think investors like it when they see a ship without a captain

and right now musk is behaving like a kid that would rather play video games than do his homework

[LetMyPeopleVote]

12. The SEC is looking at Musk

IN 2018, Musk made a "joke" of promising to take Tesla private without any financing. The SEC was not amused and as part of settlement Musk entered a standard cease and desist order where he promised to not break the securities law. Musk violate Secton 13d of the Securities and Exhange Act in going over 5% threshold of Twitter stock not notifying the shareholders

This could be fun

Link to tweet

[Dorian Gray]

13. There are so many

teslas on the streets of Brooklyn, and I see them as a douchey status symbol.

[Roland99]

14. Down another $50/share in pre-market trading

[LetMyPeopleVote]

15. Tesla is now trading below $700 during premarket trading

Link to tweet