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Tesla Loses $275 Billion in Market Value After Musk Starts Buying Twitter

Hayden Walsh by Hayden Walsh
April 26, 2022
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Tesla Loses $275 Billion in Market Value After Musk Starts Buying Twitter
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The decision to buy Twitter is generating a billion dollar loss for Elon Musk. Since the businessman showed interest in the social network of the blue bird on April 4, Tesla has lost US$ 275 billion in market value. Since the announcement of the purchase on Monday, the 25th, the company’s value has shrunk by US$ 126 billion, with its shares falling 12% on the American Stock Exchange.

One of the reasons for the drop is the concern of investors in the electric vehicle maker about the possibility of Musk selling off part of his shares to honor the transaction of the social network.

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The billion-dollar drop in the company’s value was responsible for guaranteeing Tesla the worst performance among the names listed in the S&P 500, which fell 2.34% this Tuesday, 26. The shrinking price of the automaker already represents the value of nearly seven Twitter operations.

For the partner of Catarina Capital, Natal Epstein, the lack of focus of the president of the electric car company in relation to its business has generated uncertainty in the market and caused the depreciation of the value of Tesla’s shares. “The volume of this fall is surprising, especially on a day when the market fell between 3% and 4%”, he says. Also according to Epsteins, the concern of the automaker’s investors is that Musk will use his share reserve and further lower the price of securities traded on the American stock exchange.

The expert also points out that, in addition to the crisis generated by the Twitter negotiation, the fall in Tesla shares also accompanied the negative results of the technology sector, which closed lower on Tuesday.

In addition to the loss surpassing the price of the microblog itself, Tesla’s shrinkage already exceeds the total market value of other automakers in the market. With the fall accumulated in less than a month, it would be possible to acquire the Japanese Toyota (US$ 269 billion), up to “three” Volkswagens (US$ 89 billion), or up to six times Hyundai (US$ 49 billion). The information is from the newspaper O Estado de S. Paulo.

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Hayden Walsh

Hayden Walsh

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