Twitter Surges as Musk Proposes Going Through With Deal

Shares of Tesla Inc pared early gains while Twitter Inc surged on Tuesday after reports that billionaire Elon Musk proposed to go ahead with his takeover of the social media platform at $54.20 per share.

Twitter jumped almost 13 percent to $47.93 before the stock was halted after a report from Bloomberg News. Two sources familiar with the matter later told Reuters that Musk is proposing to go ahead with his original deal, signalling an…