Autos correspondent Pras Subramanian outlines how Tesla CEO Elon Musk's purchase of Twitter may affect the EV developer, in addition to looking at Ford's production output in the third quarter.
Elon Musk is once again interested in purchasing Twitter for $44 billion.
Tesla (NASDAQ: TSLA) shares have now plunged more than 20% in less than 20 days. There are several reasons for that, but a new catalyst now has the drop gaining momentum. Today's move lower was sparked by the news that Tesla CEO Elon Musk has reversed course and now intends to follow through with his bid to purchase Twitter for his original offer price of $54.20 per share.