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Musk sells $8.5 bil in Tesla stock as he readies to buy Twitter

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So far though, few hurdles are expected, despite objections from some of Twitter’s own employees and from users who worry about Musk’s stance on free speech and what it might mean for harassment and hate speech on the platform.

Even with moderation and banning, there was always plenty of harassment and hate speech and objectionable content to be found on Twitter.

I am not sure how unbiased Musk's moderation algo for Twitter will be. But willing to wait and see what changes he will make.

Will he continue the roll out of downvoting?

3 ( +4 / -1 )

He can repurchase the stocks he sold at a much lower price later. Will make even more money.

not due to the performance of his company but the poor economic climate.

and worst S&P performance since 1939 due to current poor economic policies of the current administration.

1 ( +3 / -2 )

despite objections from some of Twitter’s own employees

Worried about their jobs?

If they aren't doing a good job then they probably should be worried especially team managers.

I suspect Musk has had a few tweets deleted in the past that weren't orientated in the "correct" political direction. If I had his money I would do the same just so I could fire somebody and make it clear that opinions can't be deleted and people shouldn't be banned from the platform just for their opinions.

Trolls bots etc. should also be crushed quickly.

2 ( +4 / -2 )

He lost 30 billion dollars,by open his big mouth Google Musk Big Stock Loss

-1 ( +0 / -1 )

About half of the funds necessary for Mr. Musk to finance the purchase of Twitter will come from loans against Tesla shares. Mr. Musk owns 21% of the outstanding shares of Tesla. However some of those share have already been borrowed against and Tesla itself imposes limits on how much of his stock holdings Mr. Musk may borrow against. If Mr. Musk cannot obtain the necessary loans he would have to sell some of his stock, which he just did. That along with investor misgivings about Mr. Musk's purchase of Twitter has driven the price of Tesla stock down. But the decline in the value of Tesla stock makes it vulnerable to margin calls from the lenders from whom Mr. Musk has already borrowed. The price at which the banks would call their loans is not clear. Mr. Musk would have to sell stock to pay back the loans, further driving down the value of Tesla stock.

One other non-trivial point to consider. The company's current market value at the current stock price is upwards of $900 billion, roughly equivalent to the value of the ten most valuable car companies. But Tesla's output of 930,000 is just a bit more than 1% of global market share in a market where other much larger car companies by volume are producing electric vehicles, including high end luxury models from Mercedes, Audi and BMW. Tesla is grossly over valued by any standard market metric. A day of reckoning is coming when there will be a major downward adjustment in its stock price.

1 ( +1 / -0 )

not due to the performance of his company but the poor economic climate.

China holds the fate of Tesla in its hands. If they don't like something posted on a Musk owned Twitter they can squeeze Musk by the balls and neuter Tesla in retribution. But oh hey it is always and forever the fault of democrats that these things happen.

0 ( +0 / -0 )

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