Elon Musk acquires Twitter. Tesla collapses on the stock market

An “Olympic effort”: this is how the Financial Times defines in the opening title the commitment to increase military and economic aid to Ukraine taken on yesterday by the more than 40 countries, both NATO and non-NATO, present yesterday at the summit chaired at the Ramstein base by US Defense Secretary, Lloyd Austin. However, the newspaper’s attention remains focused on the acquisition of Twitter concluded by Elon Musk, and especially on its financial repercussions, which are highlighted by the title of the center page: “A dent for Tesla by investors convinced that Musk will sell his shares to pay Twitter ». The electric car industry yesterday lost over 100 billion of its value because the markets fear the repercussions of a possible exit or in any case of a downsizing of the founder. What worries the stock exchanges, explains FT, are only hypotheses, because Musk has not yet clarified how he will obtain the 21 billion dollars of liquidity necessary to complete the purchase of the social platform at the price of 43.5 billion. And the shadow of an EU antitrust censorship is already growing on the operation, underlines the newspaper, which spoke with the European commissioner for the internal market, Thierry Breton: «Everyone is welcome. We are open, but on our terms. And we know what to tell him: Elon, you are welcome but these are our rules. Your rules don’t apply here, ”Breton said. There is also space for anti-Covid measures in China, where the vaccination campaign slows down because the staff who should administer the boosters have been diverted to mass swabs.