Tesla shares lose $125bn in market value amid concerns over Elon Musk’s Twitter bid

The Tesla owner has personally pledged to pump in $21bn of cash to help finance the deal

More than $125bn was wiped off the stock market value of electric car giant Tesla overnight amid concerns that boss Elon Musk may have to sell down his stake to fund his takeover of Twitter (John Walton/PA)

More than $125bn was wiped off the stock market value of electric car giant Tesla overnight amid concerns that boss Elon Musk may have to sell down his stake to fund his takeover of Twitter.

Tesla shares tumbled 12.2% on the technology-heavy Nasdaq index in America, with investors spooked by speculation that its multi-billionaire chief executive will sell off his stock to pay for the cash portion of his bn mega deal.