Elon Musk is buying Twitter again — what does that mean for Tesla?
Tesla shareholders may be experiencing déjà vu this week watching the company’s stock fall on the news that Elon Musk said he’d buy Twitter at the original offer price after all. He had previously tried to back out of buying the company, but Twitter sued him to go through with the purchase.
The drop was not as precipitous as it was earlier this year — a 1.5 percent decrease this week versus a 12-point slide last April, wiping $125 billion off the electric automaker’s market valuation. It wasn’t clear if this week’s price drop was because of the Twitter news or residual mockery from the reveal of Tesla’s humanoid robot last week.
But Tesla...