Tesla Stock Leaps On Musk Twitter ‘Hold’, But China, Bitcoin Weigh

Tesla  (TSLA) – Get Tesla Inc Report shares surged higher Friday as investors reacted with apparent relief that their iconic CEO may be prepared to abandon his $44 billion pursuit of Twitter and focus on the carmaker’s myriad challenges heading into the second half of the year.

Elon Musk, who has pledged as much as $62.5 billion in Tesla shares in order to secure various levels of financing for his ‘best and final’ offer of $54.20 for the micro-blogging website, said Friday that questions linked to the group’s accounting of spam accounts has put the deal “on hold”, although he says he’s still committed to the purchase.

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