Tesla stock’s very bad week gets worse after the allegations against Musk - MarketWatch
The EV maker has lost some $342 billion in market capitalization since Musk disclosed his intention to buy the social-media company in mid April.
When Musk tweeted last Friday that the deal for Twitter was “temporarily on hold,” the stock shot up 5%.He later tweeted that he was still committed to the $44 billion deal.
To clinch it, Musk has pieced together about $25.5 billion in debt commitments from Morgan Stanley and other financial institutions, and also some $21 billion in equity commitments, including pledges against his Tesla stake