But the news wasn’t all rosy for Musk. Tesla joined the tech giants across the Silicon Valley in being caught up in the selling frenzy, dropping $3.73 to $1,005 a share.The FANG stocks — Meta , Amazon, Netflix and Alphabet — all took tumbles by the closing bell. Meta dropped $2.45 to $185.62 a share. Amazon fell $65.45 to $2,900 a share. Netflix ended a miserable week, dropping $2.50 to $215.72 and Alphabet dipped $97.84 to drop to $2,398.
He said he has commitment letters to finance the deal, including two debt commitment letters from Morgan Stanley and other unnamed financial institutions and one equity commitment letter from himself, according to a filing with the Securities and Exchange Commission. Although he is the richest person in the world, much of Musk’s wealth is tied up in Tesla stock, and some followers of the company speculated that it could be challenging for Musk to raise debt against the historically volatile stock.
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Dow finishes 360 points lower as stocks give up strong early gainsStocks ended sharply lower Thursday, reversing strong early gains as Treasury yields saw a renewed rise. The Dow Jones Industrial Average fell around 369 points, or 1%, to finish near 34,792: Guys rate my nude photos) Guys rate my nude photos)
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Stock futures gain on earnings optimism, jobless claims on tapU.S. equity futures traded higher Thursday morning after a day that saw the Dow gain 250 points, helped by results from IBM.
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