TeslaAfter Elon Musk, CEO of Twitter offered to buy the social media company, shares fell by 3.3%

Musk was willing to sell TwitterIn a Thursday filing, the company was listed at $54.20 per share or approximately $43 billion. Musk stated that the company’s social media platform must be privatized. It comes just over one week after Musk’s 9,2% stake was first disclosed in an SEC filing.

In a Thursday note, Wells Fargo analysts stated that they are concerned by the distractions Twitter could present Musk.

According to Wells Fargo analyst, the deal will be deemed successful if there are two issues from the perspective of TSLA shareholders. “One, TSLA is currently in the early days of ramping two factories, Austin & Berlin, which will likely double its global capacity. Twitter running would cause distractions for CEOs who already have a lot of work. Zwei, it is unclear what the terms of financing the takeover are. Elon would consider his TSLA shares, valued at $170 billion, to be his most liquid asset.

There is a possibility that he will decide to ell additional TSLA shares in order to finance the takeover. This could increase stock pressure.”

Musk has been a Twitter star for the past week and this acquisition proposal is his latest. On April 4, Musk first announced his ownership in the social media company. He later planned to sit on the company’s board of directors, if approved, but then reversed that decision.

The Tesla CEO is already in the midst of this. battlesRegulators that are public and messy often include vulgar taunts. The SEC was formed earlier in the year. subpoenaed Musk and TeslaAfter he had informally surveyed his opinions tens of millions of Twitter followers, asking if he should sell 10% of his Tesla stockholdings. A majority of his followers voted “yes.”

Tesla achieved two key goals recently, opening new assembly plants in Texas and Germany. However, it now finds itself in Shanghai’s covid lockdown which has caused it to temporarily suspend its production. Inflationary, chip shortages, and other supply chain issues are still threatening the whole auto (and solar industry).

After closing Wednesday at $45.85 per share, Twitter shares rose by 4% on Thursday morning