Twitter and Tesla Soar on Wall Street Despite Musk Comments By Investing.com


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By Laura Sanchez

Investing.com – Tesla (NASDAQ:) CEO Elon Musk is once again stirring controversy in the Twitter (NYSE:) takeover deal. The mogul claimed there were still “unresolved issues” regarding Twitter, and that he was still awaiting resolution on the number of bots on the social media platform.

“There is the question of whether the debt part of the round will be pooled and whether shareholders will vote in favor,” Musk said at the Qatar Economic Forum in Doha, Bloomberg News reports.

Ever since Mr. Musk said he wanted to put the acquisition “on hold” while he investigates how many Twitter users are real people, the Twitter takeover issue has penalized the stock.

Layoffs at Tesla

Additionally, Musk said Tesla would cut its salaried workforce by 10% over the next three months, while increasing the number of hourly employees.

So far, shares of Twitter and Tesla are up in pre-opening trading on Wall Street on Tuesday.

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