Tesla, Inc. CEO Elon Musk sprang a surprise early Thursday by disclosing in an amended filing that he is making an offer to Twitter, Inc.’s board to take the company private.
The Tesla Analyst
Wedbush analyst Daniel Ives maintained an Overweight rating and $1,400 price target for Tesla shares.
The Tesla Takeaways: Musk’s $54.20 per share offer to take Twitter private is a “historic move” and starts a “Game of Thrones” with Twitter and its board, Ives said in a note.
“Now ultimately we believe this soap opera will end with Musk owning Twitter after this aggressive hostile takeover of the company,” the analyst said.
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