This week, Tesla’s (TSLA) CEO, Elon Musk will undergo a deposition ahead of a trial in October. The trial date is for October 17 in Delaware Chancery Court and will be on whether Musk should go through with his $44 billion acquisition of Twitter (TWTR).
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
According to an Associated Press report, Musk will face the deposition, on Monday, Tuesday, and possibly on Wednesday. The deposition will not be public. The report stated that it was not clear whether Musk will appear in person or by video.
What is the Prediction for Twitter Stock?
Analysts are sidelined about Twitter with a Hold consensus rating based on two Buys and 16 Holds. The average Twitter price target is $40.49 implying a downside potential of 2.6%.
