The GuardianThe Guardian

Concern over Elon Musk’s Twitter takeover wipes $126bn off Tesla value

By The Guardian

27 Apr 2022 · 1 min read

Investors have wiped $126bn (£100bn) off Tesla’s value amid concern that Elon Musk may have to sell shares in the electric carmaker to fund his personal contribution to his $44bn acquisition of Twitter.

Tesla stock has been targeted despite the company not being involved in the bid but Musk, its chief executive and largest shareholder, is part-funding the Twitter deal with $21bn of his own equity and a further $12.5bn loan secured against his Tesla stake.

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