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Wolfa expected "Observer"The world’s richest man probably didn’t do his due diligence before making his bid, or maybe he’s suspicious of buying Twitter, looking for an excuse to back off.
The buyout, which involved several investment banks and more than a dozen investors, now has less than a 50 percent chance of being done, according to Dan Ives, a company analyst. "ويدبوش" Finance, known for its stock coverage Teslathe company owned by Mask.
Ives said: "Our view is that while sticking to mask With the deal, the tremendous pressure on Tesla stock since the deal was announced, and the rising factor "danger" share, and a number of other financial factors, made Musk back off the takeover".
Under Musk’s agreement with Twitter, he will have to pay $1 billion in breakup fees, if the deal collapses.
Musk said he plans to sell $21 billion of his Tesla shares to fund the purchase of Twitter. But Tesla’s stock has fallen sharply in recent weeks, which means he will have to sell a lot more shares than he initially wanted to get cash.
Tesla’s share price has fallen 28 percent since the announcement of Musk’s acquisition of Twitter.
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According to the Observer website, it is possible that the richest man in the world did not do his due diligence, before making his offer, or may be suspicious of buying Twitter, and is looking for an excuse to back off.
The buyout, which involved several investment banks and more than a dozen investors, now has less than a 50 percent chance of being done, according to Dan Ives, an analyst at Wedbush Financial, known for his stock coverage. Teslathe company owned by Mask.
Ives said: “Our view is that while adhering to mask With the deal, the tremendous pressure on Tesla’s stock since the deal was announced, the high “risk” factor for the stock, and a number of other financial factors, made Musk pull back from the takeover.
Under Musk’s agreement with Twitter, he will have to pay $1 billion in breakup fees, if the deal collapses.
Musk said he plans to sell $21 billion of his Tesla shares to fund the purchase of Twitter. But Tesla’s stock has fallen sharply in recent weeks, which means he will have to sell a lot more shares than he initially wanted to get cash.
Tesla’s share price has fallen 28 percent since the announcement of Musk’s acquisition of Twitter.