Elon Musk on Tuesday renewed his interest in Twitter Inc. (NYSE: TWTR) for the originally agreed-upon deal value of $44 billion.

What Happened: Neither party has so far asked to put the lawsuit filed in the Delaware Chancery Court on hold, prompting Judge Kathaleen McCormick to rule on Wednesday that the five-day trial, scheduled to begin on Oct. 17, is on track. Shares of Musk’s flagship electric vehicle business Tesla Inc. (NASDAQ: TSLA) came under significant selling pressure amid the development.

Tesla shares will likely continue to underperform as long as Musk is tightlipped about whether he has to sell more shares to finance the Twitter deal, Future Fund analyst Gary Black said.

See Also: As Musk Comes Around, Carl Icahn And These Fund Managers Could Be In For A Windfall From Twitter Deal

The analyst said …

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