Throughout the week, Elon Musk has hinted at a tender offer for Twitter, meaning he could approach shareholders directly to buy the company stock at a premium if the board fights him and his takeover bid. His earlier cryptic tweet was “Love me Tender.” His latest? “____ is the night.”
Meanwhile, his other pet project, Tesla, is doing pretty well, smashing Wall Street estimates in the first quarter of the year and generating US$18.8 billion. This sent stocks up 4% in after-hours trading, even though some of Tesla’s troubles – like supply chain issues – don’t seem to be going away anytime soon.
Key comments:
“Our own factories have been running below capacity for several quarters as supply chain became the main limiting factor, which is likely to continue through the rest of 2022,” Tesla said in a statement.
