Elon Musk has invested about $1 billion in Skydance as the company integrates Paramount and Warner Bros. Discovery, aiming to save $6 billion over three years. Skydance, led by co-CEOs David Ellison and Ynon Kreiz, is merging two major studios and streaming platforms while managing nearly $80 billion in debt. This investment is part of Skydance's broader effort to raise equity amid its costly merger. Larry Ellison, David's father and Musk ally, has a history of investing alongside Musk in ventures like Tesla and Twitter.
Tesla shares trade at USD 379.17 on Pluang as of Oct 23, 2026 00:21 WIB, down 1.89% over the past day. This comes as Elon Musk, Tesla's CEO, reportedly invests about $1 billion in Skydance amid its major merger and restructuring efforts. Despite the news, Pluang order activity shows a majority of sellers at 76%, indicating cautious sentiment among investors.
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