Elon Musk has proposed to acquire all of Twitter stock (NYSE:TWTR) not owned by the reporting person for all cash consideration valuing stock at $54.20 per share. This has sent Twitters pre-market price to $54 from $46.

If Twitter reject this offer, the share price will likely crash back to original levels providing a good short opportunity. Tesla took a dip on this news falling $16, now just above the $1,000 mark. If Elon Musk does do a takeover of Twitter, it would likely send Tesla lower on concerns over the CEOs time and focus.

AlphaPicks owns shares in TWTR. To buy shares and crypto, register here with our preferred partner, EToro.

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