Tesla's shares drop 9% ahead of Twitter takeover

Tesla’s shares drop 9% ahead of Twitter takeover

Musk is funding the $44bn takeover with $13bn of debt from Wall Street’s largest lenders, as well as a $12.5bn loan secured against his Tesla stake.

Tesla shares slid more than 9 percent on Tuesday, wiping about $97bn off the electric automaker’s valuation, a day after the company’s chief executive and largest shareholder Elon Musk clinched a deal to buy Twitter. Musk is funding the $44bn takeover with $13bn of debt from Wall Street’s l

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