In contrast, NYSE-listed Twitter plummeted 13% following Musk’s renege, and while shares have since been in recovery mode, the current price of US$37.74 is a mere shadow of Musk’s US$52.20 initial valuation.Ĭloser to Musk’s heart, Tesla shares are also volatile in the lead up to Wednesday’s second-quarter results equities analysts simply can’t shake of the feeling that TSLA is way overpriced. This led Trump - who regularly met Musk and heaped praise upon him during his time in office - to label him “another bull***t artist” at a rally in support of Alaskan congressional hopeful Sarah Palin. The NASDAQ-listed blank cheque company is up over 26% since July 8, when it became evident that Musk intended to rescind his offer to buy Twitter for a US$44bln premium price tag. (DWAC) surged following the former president’s fallout with billionaire buddy Elon Musk.ĭWAC is poised to take Trump’s Truth Social social media platform, which became his soapbox after Twitter banned the real estate tycoon “due to the risk of further incitement of violence” stemming from the January 6 capitol riots, public through a reverse merger. Shares in Donald Trump-linked special purpose acquisition company (SPAC) Digital World Acquisition Corp.
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