Wednesday, October 5, 2022

After a seven month-long heated legal battle between Elon Musk and Twitter...

After a seven month-long heated legal battle between Elon Musk and Twitter over the billionaire’s attempt to backtrack on a $44 billion takeover offer, the Tesla CEO agreed to follow through with buying the social media company at the original price—two weeks before the parties were set to duke it out in court. Twitter shares skyrocketed 22% in light of the news, while Tesla stock fell in the hour after the announcement before recovering to a 2.4% gain for the day. 


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