Tesla Stock Leaps On Musk Twitter ‘Hold’, But China, Bitcoin Weighs

Tesla (TSLA) – Get a Tesla Inc . report Stocks rose on Friday as investors responded with apparent relief that their iconic CEO may be willing to abandon his $44 billion quest for Twitter and focus on the automaker’s myriad challenges in the second half of the year.

Elon Musk, who has pledged up to $62.5 billion in Tesla stock in order to secure various levels of funding for his $54.20 ‘best and last’ bid for the microblogging site, said Friday that questions related to the group’s account for spam accounts have put the deal on hold. , although he says he’s still committed to the purchase.

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