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Benzinga
Benzinga
Business
Melanie Schaffer

Will Elon Musk Reneging On Twitter Deal Boost Tesla Stock? Here's The Pattern To Watch

Elon Musk Nasdaq Gary Black

Tesla Inc (NASDAQ:TSLA) plunged almost 7% lower at one point on Monday but bounced up sightly off a support level to trade about 6% lower as of press time.

The stock may be reacting to new information regarding Elon Musk’s takeover bid of Twitter, Inc (NYSE:TWTR), which on Friday looked to be officially on the rocks after Musk filed to terminate the merger agreement.

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