Twitter Stock Plunges as Elon Musk Says Deal ‘Temporarily on Hold’

Text size Twitter stock is near where it was before the Tesla CEO’s initial stake of about 9% was disclosed. Alastair Pike / AFP via Getty Images A tweet from Tesla CEO Elon Musk sent Twitter shares sharply lower. Another sent the stock in the other direction. The Tesla (ticker: TSLA) CEO said Friday his … Read more

Tesla Stock Drops After Elon Musk Offers to Buy Twitter. This Is Why.

Text size Elon Musk, CEO of Tesla. Suzanne Cordeiro/AFP via Getty Images Tesla CEO Elon Musk offered to buy the social- media platform Twitter on Thursday, sending shares of the car maker lower. Investors might be worried about distraction for Musk as Tesla ramps up production at new plants, but there are other potential concerns … Read more