Tesla stock down 31% since Elon Musk said he’s buying Twitter

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"Tesla's stock has dropped 31% since the electric vehicle maker's founder and chief executive Elon Musk had bought into Twitter on April 4."

What's got investors so upset?

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"Musk's involvement with Twitter is yet another source of distraction for Tesla, especially as the EV market becomes more competitive."

"Investors question if Musk will use his Tesla share to help fund the projected $44 billion acquisition."

"Twitter's stock dropped 3.7% to $47.96. That's a far cry from Musk's $54.20 offer, indicating that investors aren't certain the merger will go through."

"Musk recently completed a $8 billion Tesla stock sale, which is thought to be tied to the Twitter transaction."

"Furthermore, Tesla stated in June 2021 that around half of Musk's equity in the company was used as security for personal borrowing."

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