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Benzinga
Benzinga
Business
Chris Katje

Selling Tesla Shares To Buy Twitter Is 'Giving Away Caviar To Buy A $2 Slice Of Pizza," Analyst Says

An analyst is using a food analogy to describe the potential of the world’s richest man needing help to finance his acquisition by selling shares of leading electric vehicle company Tesla Inc (NASDAQ:TSLA).

What Happened: On Tuesday, it was announced Tesla CEO Elon Musk sent a new proposal to social media platform Twitter Inc (NYSE:TWTR) to acquire the company for $44 billion, or $54.20 per share.

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