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Tesla’s stock price surged to new highs last week when Elon Musk announced his intent to take the company private.
But almost a week later, the stock is trading below its pre-tweet prices, signalling that investors aren’t convinced a deal will happen.
Follow Tesla’s stock price in real-time here.
It took less than 48 hours for the stock market to decide it didn’t believe in Elon Musk’s plan of a go-private deal for Tesla.
When the billionaire cryptically tweeted that he was “considering taking Tesla private at $420. Funding secured” at 12:48 pm eastern time on Tuesday, the stock was trading just above $361. By that afternoon, shares had surged more than 10% to a near record-high of $379.57.See the rest of the story at Business Insider
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