Tesla loses $126 billion in value

After it became known on Monday that Tesla's founder and director Elon Musk has bought all of Twitter, the car brand's value has plummeted by 12 percent. Not everyone takes it well that Elon Musk has thrown 44 billion dollars on the table for control of the social media Twitter. Especially not Tesla's shareholders. The company has lost 12 percent of its value since Monday evening. This corresponds to 126 billion dollars or 888 billion Danish kroner. Inside EV writes that the shareholders react negatively to the fact that Elon Musk will realize some of his 17 percent stake in Tesla in order to afford the Twitter purchase. – Investors are looking at Musk's fight for freedom in Twitter, which he wants to set free. But it will cost a lot of money if it is to be possible, says investment economist Per Hansen to Ritzau. Interestingly, Twitter stock also fell yesterday. When the US bors closed, Twitter could record a loss of 3.9 percent to 49.68 dollars per share. stock. With his purchase on Monday, Musk agreed to buy shares for $54.20 per share. pieces – and his must therefore buy them all. The 12 percent drop in stock value isn't the only blow Tesla has taken lately. Overall, the Tesla share has fallen by 23 percent since April 4 this year.