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Tesla Shares Fall After Elon Musk’s Twitter Deal! Shares hit 17-month low

Tesla Shares: The company has been in the headlines continuously since the takeover by Elon Musk of the social media platform Twitter. After completing the Twitter deal, Elon Musk has continuously given information about the functioning of the company and many changes like charging money for Blue Tick. He has told that the verified account of Twitter will now have to pay money at the rate of $ 8 i.e. Rs 660 every month. Apart from this, Twitter layoffs have also been in the news continuously. Elon Musk’s shares of his electric car maker Tesla have fallen sharply since the completion of the deal with Twitter. After the tremendous selling of these shares in the market, Tesla shares have reached their lowest level of 17 months.

Lowest level since June 2021
After trading down 5.78 percent, Tesla’s shares have reached $191.30 after trading on November 8, 2022. In such a situation, Tesla’s shares have slipped to their lowest level since June 2021. This fall has accelerated after the completion of the Twitter deal.

Elon Musk buys Twitter for $44 billion
Let us tell you that in the month of October, Elon Musk has bought the company, completing the deal with Twitter in April. This entire deal has been completed for $ 44 billion. Since the completion of this deal, shares of Elon Musk’s electric car maker Tesla have been falling drastically.

In order to cut costs in Twitter, Elon Musk has asked many, including the company’s CEO Parag Agarwal, Ned Segal, the CFO, and Vijaya Gadde, the head of the company’s legal policy, trust and safety. Senior officers have been fired. Along with this, the company is laying off its employees all over the world. In the US, Twitter has fired about 50% of its employees. On the other hand, talking about Twitter India, about 90% of the employees have been laid off here too.

Accounts with blue ticks will have to pay $ 8
Elon Musk, the world’s richest person, has also announced that now people with a verified account on Twitter will have to pay $ 8 per month. In such a situation, Indians will have to pay about Rs 660 every month. Along with this, now Twitter is also planning to buy blue tickets by paying money. In such a situation, the decision of earning through blue tick can prove to be a game changer of Twitter. In all these ways, Elon Musk wants to recover the money spent in his Twitter.

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