Elon Musk decides to go through with Twitter deal as Tesla price plummets he'll be breaking down exactly what happened and what you need to know in this video welcome to trade daily where we break down all the best stock market news like And subscribe to keep up to date with the stock market and I really hope you enjoy this video Tesla's stock TSLA plunge this afternoon after it was reported that Elon Musk agreed to finally go through this deal to buy Twitter that means he won't be buying


back Tesla stocks after a bad day on the stock market yesterday following its Q3 delivery and production release and the market digesting its AI day Tesla was up five percent today however things turned South real quick this afternoon as Tesla's stock erased almost all of its gains after it was reported that Elon Musk agreed to move forward with his deal to buy Twitter musk made the proposal in a letter to Twitter according to people familiar with the matter who asked not to be identified as discussing confidential


information shares in Twitter climb as much as 18 on the news and is now halted representatives from musk and for San francisco-based Twitter didn't immediately respond to requests for comment the move is a 180 degree change for must we try to cancel the deal himself after seeking a deal to buy the social media platform and bring it private musk originally offered to buy the platform for 44 billion in Twitter shareholders accepted the deal a few weeks later musk pulled back from the deal claiming that Twitter was lying


about the number of bots on its platforms the company sued must for breach of contract and tried to force him to go through the deal the case was going to trial this month but now it appears that musk prefers to go through with the original deal then go through a trial where a judge could force him to buy the company why is the Twitter deal affecting Tesla's stock there are a few ways that musk's deal to take Twitter private is affecting Tesla and more specifically its stock the obvious one is that musk who's CEO of


Tesla and SpaceX and who leads several smaller companies like the boring company and neurolink is a fairly busy person and spending time on Twitter will likely result in less time spent working on Tesla which is not really what you want of a CEO of a major company like Tesla the other major reason is that musk had to sell about 20 billion dollars worth of Tesla stocks over the last year most of which was to secure the Twitter acquisition the impact of that was mostly already felt on Tesla's


stock but in August musk sold approximately another seven billion dollars worth of stocks in case the judge rules against him in the case and said that he would buy back Tesla stocks if he doesn't have to buy Twitter on an only modestly red day for the stock market with major indices all down just a fraction of a percent each shares of automotive stocks are getting hurt more than most tic-tac-toe three in a row shares of Ford Motor Company NYSC F Tesla NASDAQ TSLA and Neo NYSC Neo are down two percent 1.9 percent and 5.9


percent respectively each of the three ran into a fender bender of modestly bad news today in the case of electric vehicle EV specialist Tesla and Neo it's basically Wall Street to blame for today's declines granted yesterday's announcement that Elon Musk has apparently decided you will buy Twitter after all it is probably still having an effect on Tesla stock but there's new news too specifically this morning Japan's mizuo Bank lowered its price Target on Tesla stock citing Logistics challenges that


prevented the company from hitting its targeted delivery number for the last quarter although Tesla did still grow its deliveries 42 percent year-over-year and grew its production numbers 54 the miss necessitates a price Target cut to 307 dollars per share says mizuho today in a note covered by Street Insider similarly mizuvo cut its price Target on China's Neo by about five percent to forty dollars a share citing surprise softercept Q deliveries and consequently lower expected earnings in the quarter


indeed across the EV industry mizuhos is getting the needed parts to build Eevee and getting transportation to deliver them where they're going remains a challenge long term mizuho is still a supporter of both Tesla and Neo stocks and maintains buy ratings on both companies mizuho just isn't sure the stocks will go up as much as it previously hoped they might now what about Ford which for all its electric Ambitions Still Remains today primarily a maker of SUV and trucks powered by the venerable internal


combustion engine well earlier this week as you probably heard Ford reported a nine percent decline in sales for September and an 18 decline in trucks the company blames part shortages for sidelining as many as four to five thousand vehicles that remain only half built because they don't have the parts needed to complete them for that matter even Ford's small but growing electric operation is apparently not immune from the problems plaguing its competitors last night Ford announced that his


raising the price of its base model F-150 Lightning Electric pickup truck by five thousand dollars not because it wants to but because it has to in order to absorb the costs of supply chain constraints Rising material costs and other Market factors after this hike in the first round of price increases announced less than two months ago the price of the F-150 Lightning is now of an astounding 30 percent over its originally announced base price of just under forty thousand dollars last year now from one perspective Ford charging


more money for a truck might be considered a good thing more money for Ford right what if all the extra money come in one door immediately goes out another to pay forward suppliers and there's really no net gain for the company or the stock to the contrary as Ford F-150 Lightning prices rapidly run up from its bargain territory to hum maybe I should just buy region truck levels the good publicity and sales advantages Ford initially enjoy from introducing the lightning are already starting to evaporate


granted at a lowly 4.3 times trailing earnings I still think Ford stock looks cheap enough to buy but based on today's bad news I can't blame other investors for deciding Ford might actually need to get a little bit cheaper TSLA suffers again as Elon Musk moves ahead on Twitter deal he won't the debate surrounding Tesla TSLA CEO Elon Musk and his bid for Twitter continues to rumble Twitter twtr stock initially soared on Tuesday as reports broke that the deal looked like it was on choose a sonu's


break that musk's lawyers had written to Twitter to say the deal could go ahead subject to some conditions footer shares spiked while Tesla stock fell the trend continued on Wednesday as speculation over the financing of the deal continues Tesla stock news the recent delivery data from Tesla and seen a sharp decline in the stock price Tesla announced last Sunday and delivered 343 830 Vehicles less than analysts expectations of near 358k the number was still a delivery record for Tesla of a stock fell sharply


on Monday it closed nearly nine percent lower at 242.40 dollars Tuesday saw a brief rally before morselling followed on Wednesday as the Twitter news broke Tesla is seeing selling pressure as investors assume musk will have to sell a chunk of Tesla or pledge a lot of shares to lenders to complete the Twitter deal also of note is a Reuters exclusive saying Apollo Global a Poe and Sixth Street partners are no longer in talks with musk this presumably puts more emphasis on the Tesla side of the equation however some


long-term supporters are still backing Tesla the latest reports show that Ark invests Kathy Wood stepped up to buy the dip with a noted fund manager buying Tesla stock after the sharp fall on Monday while the deal for Twitter looks closer than ever to being completed the market still is reacting with a certain skepticism Twitter Shares are trading some four dollars below the offer price indicating risk in the deal completing or even completing quickly Tesla stock that is likely to remained Under Pressure until some clarification


comes to light both in terms of the deal's financing and when or if the deal is set to proceed reports indicate that one of the conditions in the letter from Elon musk's lawyers to Twitter states that it is conditional on financing this seems likely to go through given musk's large Tesla holding but the banks involved are set to take major losses on the transaction leveraged financing sources have also previously told Reuters that potential losses for Wall Street Banks involved in the Twitter


debt in such a market could run to hundreds of millions of dollars according to a report carried by CNBC there is still some doubt then concerning when and how the deal is structured in my view and the uncertainty is likely to weigh on Tesla stock in the short term technically the stock has broken a key support at 254.61 dollars and the next obvious Target is the June low of 207 dollars resistance now comes at 266 and with that we've come to the end of the video I'd like to give a huge shout out to


anyone who's made it this far I hope you enjoyed the video I'd also like to make it clear that this is a news and entertainment video not investment advice you should always do your own research and speak to a financial advisor before making any Investments thank you all so much for your support don't forget to like And subscribe for the chance to win up to twenty thousand dollars in Amazon gift cards and we'll see you in the next video foreign if you want more crazy trade news how about this video we did