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Reply to "Elon Musk buys $3 billion stake (9.2%) in Twitter and is now the platform's largest shareholder"
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[quote=Anonymous]This Twitter acquisition is killing TSLA. It’s down 52% since the deal was approved in April while the S&P500 is down only 5.5% for the same period. And it’s down about 29% since the deal closed while the S&P is up 6.6%. Goldman cut its price target for TSLA from $305 to $235, triggering another 2.6% drop today. Any guesses on how bad it will be tomorrow after tonight’s news that cash-strapped Musk sold another $3.6 billion in shares this week?[/quote]
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