There was a 50% chance he will have to sell billions of $ wo...
There was a 50% chance he will have to sell billions of $ worth Tesla shares in October if he is ordered to purchase Twitter.
October is when the Q3 earnings report comes out - last year the stock zoomed 50% - from $800 to 1200.
If he had to dump shares just before that, and the big institutions read about it at the same time (i.e. the trial results) then they could front run him / crater TSLA share price when it should have been a massive rally.
If he is ordered to buy it then he has the cash available, even if some of the other financers drop out.
If he isn't ordered to buy it then he says he will rebuy TSLA shares.
October is when the Q3 earnings report comes out - last year the stock zoomed 50% - from $800 to 1200.
If he had to dump shares just before that, and the big institutions read about it at the same time (i.e. the trial results) then they could front run him / crater TSLA share price when it should have been a massive rally.
If he is ordered to buy it then he has the cash available, even if some of the other financers drop out.
If he isn't ordered to buy it then he says he will rebuy TSLA shares.
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Silverbat : Either situation will see a rapid rally
doctorpot1 : Musk already sold 6.9b worth for his deal. left with 2.3b if he is forced to buy at Twitter at 54.20.
doctorpot1 :Musk sold $6.9b worth of Tesla because of Twitter case
https://www.moomoo.com/community/feed/108796899360774?data_ticket=5b3500b278c1b7aa4a176e85285988a1&futusource=nnq_personal_host
TeslaSmurf : He doesn’t need to sell anymore: he’s got all the cash for the worst case scenario IF the judge somehow forces him to but Twitter (which I don’t believe). But HE WANTS Twitter and he wants it as soon as possible: he won’t wait a year. The cost is between 54,20$ and 42$, with a new offer in case the result of the trial is anyway not compelling to buy at 54,20 (maybe just the 1 billion in the signed, contract or maybe a 5-10Bn fine)
TeslaSmurf : He may need 2 or 3 more billions, but he has many friends willing to cover them, PLUS some of the actual big shareholders, as the Saudis, don’t want out: that’s much less money to pay.
Carla LeeOP Silverbat: o
Carla LeeOP TeslaSmurf:
