Tesla Inc. shares TSLA, +3.80% were up 0.9% in premarket trade Wednesday, after falling 12.8% on Tuesday to shed a stunning $125.98 billion in market cap. The stock was slammed after Chief Executive Elon Musk's $44 billion bid for Twitter Inc.
was accepted by its board, raising concerns he will have far less attention to pay to the EV company than before, and that he may have to sell his Tesla stock to finance his portion of the deal. Musk has pledged $21 billion in equity financing. Wedbush analyst Dan Ives said there is a"lot of confusion" about the equity component, and whether Musk will bring in private equity investors to help finance it or go it alone.
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