Tesla’s valuation nosedives alongside Musk’s Twitter takeover

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This week it was introduced that Twitter “has entered right into a definitive settlement to be acquired by an entity wholly owned by Elon Musk”, for a deal that will end up being worth about $44 billion. The proposed acquisition would see Twitter turn into a privately-held firm—that’s, no pesky shareholders attempting to disagree with Elon Musk—and is predicted to shut this yr.

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Musk’s estimated $240 billion fortune is usually in Tesla inventory, and a part of his financing for the Twitter deal is $21 billion of his personal cash plus a $12.5 billion mortgage assured towards a $62.5 billion chunk (thanks, BBC). Nevertheless, Musk’s share worth is already partly leveraged for different commitments. The man is loaded however he is additionally on the hook for eye-watering quantities of cash that rely upon every part proceed to go effectively.

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