Market opening, Twitter
Elon Musk is set to be deposed tomorrow, after announcing intentions to go through with the Twitter deal on Monday night. The letter Mr. Musk sent has seriously hurt his traction in court, so it appears that he is attempting to avoid taking it to court. However, he is asking litigation to be dropped and the sending of the check, while Twitter is demanding the opposite of that, not wanting to take his word. Important to note is that the deal is definitely not as done as the media is making it out to be. While this is definitely showing a shift in the right direction, it is still definitely up in the air.
Considering Elon Musk’s current goal is most likely to avoid court and the deposition, news concerning Twitter is likely to come out today, so those exposed to Twitter should definitely be paying close attention to any more relevant information today. Also should be noted that with the Twitter deal looking more and more like it will be going through, Telsa has fallen since Elon Musk is going to need to liquidate a substantial portion of his Telsa shares to pay for it. Will be posting more short updates as I get more information.