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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Singapore Latest News, Singapore Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin tanks as correlation with stocks rises, Dow drops over 600 pointsBitcoin plunged about 6% on Friday, as the U.S. stock indexes fell, with the correlation between the two assets rising. BetOnline Sportsbook Deposit with Bitcoin Get 5% above market price Get 100% matching bonus 🎲Bet on sports 💰Get paid out in crypto ➡️ people are panic selling cryptocurrencies. Just hold and try to take advantage of the bear market by buying the dips. not investment advice Many Biz handles on Fintwit have run out of content , or dont have enuf paid experts to cover quality output, They hence resort to pumping ponzi Crypto shite.. is one such, but there are many other like it across nations ..
Source: MarketWatch - 🏆 3. / 97 Read more »
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)
Source: MarketWatch - 🏆 3. / 97 Read more »
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.
Source: FoxBusiness - 🏆 458. / 53 Read more »