Tesla shares gain after Elon Musk puts $44 billion Twitter deal on hold

Shares of Tesla surged 4% on Friday after its CEO and the world's richest person Elon Musk said he has temporarily put the $44 billion deal to acquire Twitter on hold. Tesla shares have lost about 25% of their value since Musk disclosed a stake in Twitter on April 4. Meanwhile, Twitter stock plunged 10% after Musk's announcement on Friday.