Tesla Shareholders Alarmed by AI Bid

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Business & Economics

Elon Musk’s OpenAI Offer Adds Pressure on Tesla’s Stock, Already Struggling from Previous Ventures

Summary

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Nearly 97 billion bid for open AI is raising alarms among Tesla shareholders. Tesla 's stock dropped more than 6% on Tuesday after a tough year where automotive revenue fell for the first time. Must Previous focus on Twitter led to a significant market cap loss for Tesla in 2022 , and some analysts worry his increasing political and business ventures could further hinder Tesla 's performance. Altman countered Must offer by proposing to buy Twitter for over $9 billion , reflecting the platform significant decline in market value under Musk . For all things money, visit benzinga.com/GSTV..