Twitter stock

Elon Musk may still have a long legal battle on his hands after terminating his offer to buy Twitter.

Tesla (ticker: TSLA) stock had been up 0.9% in premarket trading at $758.70 after gaining 2.5% on Friday, but shares are down 3.8% in early trading Monday. Estimates for the overhang in Tesla stock from Musk’s potential Twitter (TWTR) purchase range from about 5% to 15%. With that range, it’s fair to ask why Tesla shares aren’t up. - Order Reprints Musk’s Twitter Deal Cost Tesla Stock Up to 15%. Why Are Shares Still Falling?

Mr. Musk reached an agreement to buy Twitter for $44 billion about three months ago. On Friday, after the market had closed, he tried to back out of the legally ...

Experts have said Mr. Musk’s reasoning is not legally sound and believe his focus on false accounts may be a tactic to bargain for a lower purchase price. He has even expressed his displeasure online, going as far as to tweet a poop emoji at Parag Agrawal, the company’s chief executive, in response to his tweet explaining how Twitter detects spam accounts. Since the deal was signed, investors have grown increasingly skeptical that the acquisition by the mercurial billionaire would get done on the agreed terms.

Elon Musk's attempt to scrap his purchase of Twitter Inc may leave the world's wealthiest person in a stronger financial position than before he unveiled ...

Twitter's stock tumbled 9.5% to $33.50 on Monday. At that price, the value of his Twitter stake has fallen by about $200 million. Musk receives no salary from Tesla, instead earning billions of dollars worth of stock options after hitting several stock and performance targets in recent years. If Musk had not sold those Tesla shares, they would now be worth almost $1.6 billion less. But while CEO stock sales normally make investors nervous, the Twitter deal provided a reasonable explanation for Musk to reduce his massive stake in Tesla. In the last week of April, Musk sold 9.6 million Tesla shares at an average price of around $885 per share. Register now for FREE unlimited access to Reuters.com

By the numbers: Twitter shares plunged by over 11% to $32.65 on Monday, a 2-year low. The stock is now worth about 38% less than the price at which Musk agreed ...

Twitter fracas has hurt almost everyone in its proximity, no matter how a Delaware judge may rule or if the two sides settle out of court. The Elon Musk vs. What we're watching: Whether Musk and Twitter strike a merger deal at a lower price.

While Elon Musk's decision not to buy Twitter was heavily telegraphed, that's still not stopping investors from taking it out on the company's stock Monday ...

Twitter shares fell on Monday after Elon Musk, the mercurial chief executive officer of Tesla, Inc. (TSLA), announced that he was trying to terminate his ...

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