The evolving dynamics of TikTok's potential sale have captured market attention, with Elon Musk and Larry Ellison emerging as key figures in the bidding process. The Trump administration's recent approval for a deal has heightened interest, with ByteDance reportedly considering a joint venture or outright sale, excluding its proprietary algorithm. Analysts suggest a potential $40-$50 billion valuation for TikTok's U.S. operations, highlighting Musk's strategic position due to his strong ties with both Trump and Beijing. This development has broader implications, potentially affecting U.S.-China tariff negotiations and drawing interest from major tech and financial players. Amidst this backdrop, Tesla shares have experienced a decline, reflecting investor sentiment.
The T-Rex 2X Inverse Tesla Daily Target ETF (TSLZ) rose 1.88% to $2.17 at 8:20 AM on Wednesday, January 22.