Elon Musk’s nearly $97 billion bid for OpenAI raises 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. Musk’s 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 Musk’s offer by proposing to buy Twitter for over $9 billion, reflecting the platform’s significant decline in market value under Musk.
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00:00It's Benzinga bringing Wall Street to mainstream. Elon Musk's nearly 97 billion bid for open AI is
00:05raising alarms among Tesla shareholders. Tesla's stocks dropped more than 6% on Tuesday after a
00:10tough year where automotive revenue fell for the first time. Musk's previous focus on Twitter led
00:15to a significant market cap loss for Tesla in 2022 and some analysts worry his increasing
00:20political and business ventures could further hinder Tesla's performance. Altman countered
00:25Musk's offer by proposing to buy Twitter for over $9 billion reflecting the platform's
00:30significant decline in market value under Musk. For all things money visit Benzinga.com slash GSTV