AUTO - Elon Musk Believes That Tesla (Tesla Stock) Shareholders Will Benefit From Twitter. He Needs to Elaborate on How This Works
Elon Musk has pledged that his acquisition of Twitter will eventually turn out to be profitable for shareholders of Tesla ( Tesla stock ) in the long run. It appears that investors have differing views. The manufacturer of electric vehicles could come under increasing pressure to implement more significant changes, including a short-term switch in leadership at Tesla.
Wednesday’s premarket trading for Tesla ( NASDAQ:TSLA ) shares was roughly 1% lower than Tuesday’s closing price, which was more than 4% lower than Monday’s closing price. It was a decline that caught everyone’s attention on a day when most stock markets in the United States advanced after the release of data showing that inflation in the United States for November was lower than predicted.
Since Elon Musk completed the acquisition of the social networking platform, shares have decreased by more than 28%, underperforming the Nasdaq Composite, which has increased by almost 4% during the same period.
Late on Tuesday, Musk sent a message on Twitter stating, “I will make sure Tesla shareholders profit from Twitter long-term.” He should have provided additional information regarding how his social media network ownership could benefit Tesla.
It may take time to identify the cross-over benefits between Twitter and Tesla. Still, experts and investors have proposed a number of these benefits anyway. For instance, Twitter’s expertise with advertisers and targeted adverts might be linked to Tesla’s operating platform, allowing drivers an experience comparable to that of Google Maps to locate businesses and entertainment options.
Both Musk and Tesla ignored requests for comments on the tweet.
Only some people will hold out until they see the fruits of their labor. It was urged by Ross Gerber, the head of Gerb...
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