This article outlines why Tesla stock value may rebound if Elon Musk withdraws from his intent to purchase Twitter.
says that Tesla shareholders saw their holdings down 36.3% in 2022 through June 30, but they shouldn’t really be concerned by the correction in Tesla stock. The company was valued at more than $1 trillion to start the year, giving it a price-to-earnings ratio of more than 200 at the time. Investors were valuing it on its future potential, argues theTwitter’s shares have also fallen precipitously since Musk signaled that he wasn’t committed to the Twitter agreement.
to explain Musk’s reversal of interest in Tesla. The bots were never the problem, they claim, merely a vehicle through which to covertly sell Tesla options that were about to expire. Others say it was just an impulsive mistake. Wedbush’s Dan Ives had previously stated this whole saga of Musk’s buying-then-not-buying Twitter was a “black eye” for the world’s richest person.
“Elon Musk could be controlled by a ‘Special Master,’ and even face prison time, if he doesn’t comply with a court order in Twitter’s suit, legal expert says,” proclaimed the headline in‘s Brian Sozzi disagrees. He wrote earlier this month that rich, powerful people like Elon Musk tend to do whatever they please, because of money, connections, and “ruthless aggression.” Investors seem to have short memories when their portfolios show gains from Tesla holdings, Sozzi noted.
Regardless of the gossip, it’s important to remember that the Tesla CEO, who takes no salary from his work at the all-electric car company , still owns about 16% of Tesla, worth about $115 billion.
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