Why Wall Street Thinks Elon Musk Is Getting Out of the Twitter Deal

There is something dissonant about Twitter’s stock price.

When the market closed on Wednesday, the social media company was trading at $39.30 per share. It has been right there, somewhere between $35 and $41, since May 13. Many, many factors inform a stock price, but in Twitter’s case, one factor should theoretically win out and result in a much higher price. As you may have heard, Elon Musk agreed in late April to buy the company for $54.20 per share. In theory, once that deal closes, any Twitter shareholder who...