Tesla Daily-Apr.28 Tesla News
- In the last few days, Elon Musk announced that he would commit $44 billion to purchase the social media platform. Musk’s purchase of Twitter comes as the company finds itself treading a narrow path between enabling speech and policing dangerous content ranging from COVID-19 misinformation to harassment to posts inciting political violence.
Musk is a self-described “free-speech absolutist,” leading to speculation about what changes he would bring as the now private owner of the company, which had previously been a public company held by shareholders.
Unfortunately, Elon Musk’s purchase of Twitter led to a more than $100 billion hit to Tesla’s stock later on, significantly driving down the CEO’s fortune that he is plowing into his takeover of the social media giant.
According to relevant analysis, the problem with Tesla’s share price spiraling downward is that it is not founded on the company’s fundamentals or its mission. Instead, the pressure comes from Musk’s leverage against his holdings. Musk has so much money he can essentially play the role of a private equity firm, according to a Bloomberg report. Roughly 72 percent of the financing package to fund the deal will come from Musk or in the form of cash he will borrow by pledging Tesla shares. The only way to avoid this is by finding an actual private equity firm or a group of other investors who would join as partners. However, Tesla CEO Elon Musk said there are no further plans to sell Tesla stock afterward on Twitter.
What do you think of Elon Musk’s decision? Do you think Musk's acquisition of Twitter will have a huge impact on Twitter users?
- According to latest TESMANIAN report, Tesla Model 3 became the best-selling car in Europe in March in the overall car market. Model Y was able to achieve amazing results too and took third place according to data from 27 countries. Against the backdrop of Russia's invasion of Ukraine, the situation in the European car market in March deteriorated significantly. The total number of new car registrations decreased by 19%. However, BEVs and PHEVs set a market share record ahead of diesel vehicles, according to JATO Dynamics’ data for 27 European markets.
The data shows Tesla Model 3 became the best-selling car in the overall car market in Europe. With 23,013 units registered last month, it surpassed sales of the most popular and more affordable internal combustion engine vehicles. In second place, with 21,026, was Peugeot 208. Another surprise from Tesla was Model Y, which took third place with 18,968 registrations. Obviously, Tesla cars have also become the best-selling in the EV market, well ahead of their competitors—and, in fact, are completely out of reach.
