Famous car company Tesla Inc lost $126 in value on Tuesday as investors are concerned over the company's founder and Chief Executive Elon Musk's intention of selling shares to fund the Twitter takeover.
Tesla is not part of Musk's Twitter deal, however, the shares of the company have dropped by 12.2%, $21 billion drop in the value of Tesla.
On the other hand, Twitter shares fell by 3.9% to close at $94.68 regardless of Musk's $54.20 per share in cash.
On Monday, the Tesla chairman officially bought the leading social media platform which stormed all world headlines over what's next for the platform's regulations.
Twitter is likely to accept Elon Musk’s ‘best and final’ offer and sell itself to the world’s richest man.
Musk had bid $54.2 per share for the microblogging network, and Twitter might announce the $43 billion takeover in the coming hours if its board receives the required approval from other shareholders.
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