**On May 11, Beijing time, the performance of the US stock market on Tuesday reflected for the first time that investors believe that Elon Musk is unlikely to buy twitter for $44 billion as he initially agreed** Twitter shares fell to $46.75 on Tuesday. According to Musk's purchase price of $54.20 per share and Twitter's closing price of $39.31 on April 1, this implies that Musk's possibility of completing the acquisition of twitter with $44 billion is less than 50%.
April 1 was the last trading day for musk to disclose its 9.1% stake in twitter. Twitter shares fell as much as 3% to $46.50 on Tuesday, ending at $47.26.
Hindenburg research, a US short seller, said on Monday that Musk's acquisition of twitter faced "a significant risk of being repriced". The agency believes that musk has all the initiative. If Musk's bid for twitter disappears, Twitter's share price will fall by 50% from its current level. Therefore, they believe that the transaction is likely to be completed at a lower price.