Tesla Inc. shares came under significant selling pressure last week, with CEO Elon Musk’s announcement to revive the Twitter Inc. deal partly to blame for the predicament.
Longtime Tesla bull and Loup Funds’ Gene Munster offered his take on three key questions surrounding the deal.
Almost A Done Deal
Munster thinks there is a 90 percent chance that the deal goes through, stating that Musk has realized the agreement to purchase Twitter will stand. The billionaire may also have realized that fighting a legal battle for an additional six months would mean spending more money and ultimately causing damage to the asset he is acquiring, he added.
