Filings: Elon Musk sold ~$8.4B worth of Tesla stock in the days after his bid to take Twitter private; on Thursday, Musk tweeted “No further TSLA sales planned”

it's going to be hilarious watching Elon ruin Twitter and lose billions in the process https://twitter.com/... Johan Moreno / @dudejohan : I never believed Elon when he said “he doesn't care about the economics of acquiring Twitter.” If he is willing to gamble his fortune on Twitter, there has to be a pathway to profitability/sustainability to make it worth his time. https://twitter.com/...

CNBC 2022-04-30

Discussion

@elonmusk Elon Musk on x
@WholeMarsBlog No further TSLA sales planned after today
@amy_siskind Amy Siskind on x
Musk is betting the farm on Twitter-clearly he is having trouble finding co-investors for the $21B equity portion of his bid. He is also pledging stock to lenders on the rest of the purchase price. He could lose a sh*t-ton of money on this vanity project! https://www.cnbc.com/...
@darcyburner Darcy Burner🌻 on x
🧵 Suppose you're @elonmusk, the wealthiest person in the world, but you are super illiquid because your net worth is mostly the stock of a single company, @Tesla, and if you sell your shares they become less valuable. How do you extract your $ without tanking the stock? (1/)
@aiddya @aiddya on x
Honestly, Elon Musk has been a great cure for any imposter syndrome I might have had. Every time I even doubt myself in the future, I'll remind myself that this moron got banks to lend him billions https://twitter.com/...
@lessin Sam Lessin on x
Part of me feels like Elon is just executing an elaborate Kabuki play to sell tesla stock at a huge valuation. first the ‘poll’ for 10%, now 8b to buy twitter - I don't blame him at all - but clear special challenge of cult leadership is managing selling.
@parismarx Paris Marx on x
Yesterday it was reported Elon Musk sold $4 billion in Tesla shares on Tuesday to fund his Twitter deal, but today he disclosed more sales on Thursday, bringing the total to $8.4 billion. https://www.cnbc.com/...
@robtfrank Robert Frank on x
Elon Musk will have the largest stock debt of any CEO after Twitter. The details... https://www.cnbc.com/...
@tedkempcnbc Ted Kemp on x
Elon Musk's pockets are deep, but because his wealth is tied up in Tesla stock, along with equity in SpaceX and The Boring Co., he will have to sell millions of his shares and pledge millions more to raise the necessary cash. @robtfrank https://www.cnbc.com/...
@ianbetteridge Ian Betteridge on x
The fact that banks listened to this tosh and thought “hmm, yes, this guy sounds like he's got a great business idea” tells you everything about how smart banks are. They do more due diligence loaning a pizza shop £5k for a new oven than lending a rich man billions for a new toy.…
@kirbeep @kirbeep on x
Actually I take it all back — it's going to be hilarious watching Elon ruin Twitter and lose billions in the process https://twitter.com/...
@dudejohan Johan Moreno on x
I never believed Elon when he said “he doesn't care about the economics of acquiring Twitter.” If he is willing to gamble his fortune on Twitter, there has to be a pathway to profitability/sustainability to make it worth his time. https://twitter.com/...

Chronicles

Filings: Elon Musk sold ~$8.4B worth of Tesla stock in the days after his bid to take Twitter private; on Thursday, Musk tweeted “No further TSLA sales planned”

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