New data from ETP provider GraniteShares, which offers a range of 3x short and 3x leveraged ETPs on UK, US, and European stocks, shows Tesla investors are still supporting Elon Musk for the long-term following his US$44 billion acquisition of Twitter.
The deal has prompted speculation about how the billionaire will fund the all cash acquisition with claims he may sell stock in Tesla or SpaceX. Despite securing US$7bn backing from new investors for its Twitter deal, Tesla shares have fallen heavily recently dropping 12.2% and wiping more than US$125 billion off its value. GraniteShares data shows Tesla investors are still supportive however as the firm’s 3x Long Tesla Daily ETP is the best performing US long ETP gaining 4.6% in the past
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