Part 5/10:
A significant backdrop to recent Tesla stock movements is Elon Musk’s ongoing Twitter acquisition. The deal is approaching closing at an estimated price around $54.20, with a 95% probability of completion according to market odds. Musk’s potential purchase and integration of Twitter have been viewed as both a strategic move and a distraction, with some investors concerned about it diverting focus or resources from Tesla.
The Twitter deal creates an overhang—uncertainty—that could weigh on Tesla’s stock in the short term. Yet, some analysts, like Ross Gerber, suggest that once the deal is finalized, Tesla's stock could see a notable boost—potentially 5-10%. Musk's reputation for surpassing expectations adds to the optimism that any hurdles might be resolved favorably.