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Shares of Tesla experienced a decline of over 2% on Monday as Elon Musk concluded a $44 billion deal to acquire the prominent social media platform, Twitter, Your Content has learned.
This downward trend in stock value indicates concerns among shareholders who believe that the esteemed technology magnate may be spreading himself too thin with this latest acquisition.
The dip in Tesla’s stock price comes as a direct consequence of Musk’s finalized agreement to purchase the social media giant, Twitter.
Experts caution that this move could potentially strain his focus and resources, as he ventures into yet another company acquisition.
In order to mitigate risks, they emphasize the importance of Musk avoiding a purely passive management approach.
According to reports, Musk’s representatives tirelessly negotiated the terms of the deal well into the early hours of Monday morning,‘according to The Daily Mail.