Hyperdrive

Tesla Loses Out as Elon Musk Girds for Another Legal Battle

Since its CEO offered to buy Twitter, the carmaker has lost nearly $332 billion of market value.

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By Dana Hull

July 13, 2022 at 1:30 PM UTC

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Tesla bulls rejoiced last week when Elon Musk sought to terminate his agreement to buy Twitter. That initial relief has given way to realization the overhang from this ordeal won’t lift anytime soon.