Elon Musk’s Twitter Deal Collided With Market and Economic Tumult

  • 📰 WSJ
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 63%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Plunging shares in Tesla and a darkening outlook for social-media companies made the $44 billion deal less appealing over time

Elon Musk said Tesla’s factories in Germany and Texas are losing billions of dollars as supply-chain snags and battery-cell manufacturing

hurdles limit production. Output at the company’s Shanghai plant also took a hit during the city’s Covid-19 lockdown. Photo: Patrick Fallon/Reuters

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:

 /  🏆 98. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thanks. I absolutely don’t think timings re: economic shifts as noted here are a coincidence. And nor do I think my own sentiments & / or mindset / thoughts, overall & of contextual relevance, arise in isolation of such shifts as well as news like this on the Internet! 😊🍀🌏

That is Editorial OPINION / speculation—-NOT News…. Quit acting like FoxNews or CNN and return to acting like the WSJ. Don’t make such misinformation look like a real News headline.

Shorting Tesla was the financial move of the year and an obvious one.

As if he was ever serious.

Musk was having night sweats about the EV market competition going forward and acted accordingly.

i mean you didnt want musk right? So you got it, whats the problem? oh the stock options....

A deceptive business practice did it. Can't be just 5% bots if Biden alone has 11 million.

He was NEVER going to complete the deal Just another musk publicity stunt

is this enough reason to default your sign agreement , will the judge feel sorry for Musk riches guy in planet and accept his walking away on the contrary , the judge will probably sympathy the entire shareholders whos dream ruin by Elon and will rule to complete the merge

If a genius tweet something without putting his brain in gear does that make his bot count one higher than Twitter’s?

Musk is a fake. He had no intention of buying Twitter. Just an opportunity for some publicity.

For $1 billion break up fee he could’ve just bought himself a parent for all the attention he needs And have 900 million left over

russia steals Ukrainian grain, burns crops and destroys warehouses. russia makes famine for the whole world! russia kills people. RussiaCausesFamine

Ridin’ lol

Stupid thing about social media companies, they allow fake information to spread for profit, this made people less interested in using social media because of the constant everyday 🐂💩, they're the cause of their own downfall

I think elonmusk backed by republicans wanted to expose how Twitter despite not being profitable & full of spam/bot accounts is able to sustain its operations backed by the US govt machinery & lefist-commie mafia who want nothing less than absolute control on all narratives

FreeMaziNnamdiKanuNow FreeMaziNnamdiKanuNow

South Africa South Africa Latest News, South Africa South Africa Headlines