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).
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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%.
