According to a respected tech analyst, Musk's decision to abandon his takeover bid is expected to help the stock price recover from losses this year.
The deal has been a burden on the company's stock, but a likely legal battle will keep some investors away.
This situation was an overhang on the stock, but the Street is wary of the looming court battle between Musk and theTwitter board.
After Musk said he was pulling out of the deal, shares in the company rose 2%.
The company's stock price is close to $780 billion, but it has fallen this year. It remains the world's most valuable car maker even though they are still higher than a year ago.
After hours, the shares fell to $35. The company is now worth less than Musk had said it would be.
Musk's net worth has been negatively impacted by the deal. According to Insider, the world's richest man has lost $65 billion since he decided to acquire the company, while the car maker has lost about a quarter of its value.
Musk sold his stake in the company in two days after agreeing to buy the micro-messaging service.
During the takeover process, Musk claimed that he wasn't distracted by the social media site. He responded to a meme with less than 5% of his time on the deal spent on it.
The worst opening half to the year for stocks since 1970 has led to a wider market sell-off, as well as the fact that there are more cars on the road.
In June, production in China more than doubled from the previous month.
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