Elon Musk Sells About $4 Billion in Tesla Stock After Agreeing to Buy Twitter. Elon reported selling more than 4.4 million shares on Tuesday and Wednesday to finance the Twitter acquisition. Elon also tweeted : “No further TSLA sales planned after today.”
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Elon musk, according to the wall street journal, sold 4 billion of his tesla stock after agreeing to buy twitter and obviously these two events are connected and in this video i'll show you exactly how much he's selling. What's the debt structure on the twitter deal and how much more he needs to sell of tesla if any and there's an important update, you don't want to miss about future sales, how much more if any, he needs to sell now. Obviously, as you will see in the article, this cell is driven because of the twitter deal, he needs some cash to finance that deal now in the article you'd find something really interesting. There's a table that was basically comprised by the team at the wall street journal.
In which you can clearly see what is the structure of the deal payments? What's the financing looks like so. You have 13 billion dollars in loans from barclays, morgan stanley, bank of america. All of these banks right here, another 12 and a half billion dollars, loans against tesla shares, which is again. The structure is basically right here and you can see the 13 and 12 and a half that comes to about 25 and a half billion dollars.
Now the financing which was filed with acc was was 46.5 billion, which means that elon musk has to come up with 21 billion dollars. Now, as you just saw from the headline, he sold 4 billion worth of tesla stock, that still leaves 17 billion dollars. He has to bring in order to get the deal done, obviously he's in the short for 17 billion. So a lot of people are speculating that because he still needs another 17 billion dollars to complete the deal going to have to sell more tesla stock.
And that's the important part, because if he has to sell more tesla stock, there's going to be more pain on the tesla stock side. Because if you look at the tesla share price, you see exactly how it played out. You can see exactly when he started to sell what happened to the share price. It went from a thousand dollars and a little bit above all the way down to 870 yesterday.
Now it's slightly coming back up, so him selling more shares can potentially put more pressure on the tesla stock and its price. So that is why he actually went on twitter today and tweeted. This tweet no further tesla sales planned after today, no further tesla sales planned after today. That means he's not going to be selling more tesla shares.
Now again, you can interpret it in a bunch of ways. Today is still april 29th, which means that he might sell more shares today and no more sales after today. So again we don't know exactly where the box stops, but will he sell 17 billion dollars of tesla stock in a single day? I highly doubt it if anything, it's probably going to be very similar to what he'd done so far, so maybe another two three four billion dollars worth of tesla stock elon musk has plenty of tesla stock to go around. He holds about you know 150 160 billion dollars of tesla stock.
If my math is correct, which means he just sold about you know not even five percent. Of that i mean, let's be honest: it's not a huge deal, especially if you want to buy a platform like twitter, which he believes is transformational, for you know the survival of the human race. Now you have to understand if you want to invest in an elon project which is tesla, you have to take the good with the bad or the bad with the good. He is what it is. I mean he's, not the sort of guy who's going to make. Strictly financial decisions, he was never that guy to begin with, when he purchased spacex or founded spacex. He did it with the money he got from paypal, essentially all of his money from the paypal deal, which was a couple hundred million dollars. He invested it in a space rocket company and that's not a really sound investment.
There's no financial planner in the world, which would say that this was a good investment at the time. So, if you're hoping that elon will stop being elon, it's not gon na happen. Twitter is not the best financial deal he ever made, but he was never driven by financial analysis. He likes twitter.
He thinks that this is pivotal to the survival of our society and he's going to do it. So if there's one guy who can pull it off and still not get distracted, it's elon and don't forget it's not heck he's going to be the ceo of twitter he's owning it. He doesn't want to manage it. So i'm assuming he's going to have to put in a really powerful co there.
So it's not a lot for elon he's, not the sort of guy to just you know, go watch netflix. It is what it is now as far as what happens next, with the twitter deal, the likelihood of this deal falling through, in my opinion, are quite low. The main risk here, in the absence of regulator, risks in the absence of complex tax, global planning that needs to happen when you have a merger between two multinationals. In the absence of lack of funding, as you can see, the funding is definitely secured in the absence of any kind of you know, corporate issues that, when you have two companies merging the main risk of this deal, is that elon will back out, which seems to Be very unlikely, in my opinion, because he is completely invested mentally and emotionally into owning this company.
It doesn't seem like it's going to happen so as far as risks for the deal based on funding. Clearly, those are slowly evaporating as he's selling tesla shares. I'm sure certain tesla shareholders are not happy about that, but it is what it is. You want.
Elon you get the good the bad.
He could sell 49% of twitter
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The gamblers who lost money on Tesla are not important to the company or its strategy. Tesla(Elon)only cares about the longs, not the shorts or the other type of gamblers.
The man is on a mission and he will not stray, even for the crybabies.
0.2% from tesla Market cap. OMG… I mean if he sells 21 Billion worth of stocks.
*HELLO, I'M TOTALLY NEW TO CRYPRO AND FOREX TRADING AND I HAVE BEEN MAKING HUGE LOSES TRADING ON MY OWN BUT RECENTLY I SEE A LOT OF PEOPLE EARNING FROM IT. CAN SOMEONE PLEASE GIVE ME A NEW STRATEGY OR AT LEAST TELL ME WHAT I'M DOING WRONG.
SEC filing was until wed… so he may have already sold 4 billion dollars worth of shares or more on Thursday… and today he may sell few more billions dollars worth of shares…. But its expected…. Bcaz Its not wise to take huge debt putting his tesla shares as collateral… Glad it is almost over now…. As long as tesla fundamentals are not changing… Elon unloading even upto 20% of his shares is also ok…. not a big deal in my opinion… Its an opportunity for long term investors to buy more shares in the price weakness after tesla posted a great quarter… Its a blessing not a curse in my opinion 🙂
isn't elon said tesla stock is too high? what is the point owning high price stock without cashing out some of it.
I love, respect and trust my investments in Tesla, SpaceX, Starlink, Twitter and above all a super genius Elon Musk.
But these days I am noticing that all Tesla pro channels look and sound like Elon Fan Clubs. Even if he farts, he will be praised on how and why he did it and how it was a super genius move…
Nuff said, I guess
so hes the reason the stock went to the toilet
Twitter will be very profitable with Musk as leader. Come back in a year to see this result.
Didn't he tweet that he is done selling?
Between this and the Depp Case, life has become interesting.
Everything about Tesla is crazy! Tesla stocks is the best of them all! I have always hoped to invest in Tesla stocks one day but the thought of doing so without enough knowledge of the stocks market makes the whole thing less attractive to me.
If you think he's selling to fund TWTR you're mad, he wanted to exit TSLA for a long while now and TWTR seemed to him like a good trade of bad tech stocks for better
Twitter deal: Good or Bad for Tesla and SpaceX?
Can you talk about amzn absolutely sucking on its earnings yesterday? I think that will be a good drama video
He'd like to sell his whole position in TSLA as he knows very well it will inevitably collapse
Will Elon be Elon? Or is Elon becoming Howard Hughes?
Well Elon himself said he wasn’t selling anymore. So that answers that.
$TWTR deal is masked for the main reason Elon can sell shares of $TSLA without scrutiny because he believes the stock is overvalued in the future due to the saturation of competitors.
Elon is My hero I love that guy, I'm problably what you call a fanboy, but then again who is more deserving of having fanboys (and girls ) than Elon Musk ?!
WTF Tom! What about using Dark mode in twitter? 😲
The 3 Levels of Musk Admiration:
Those who are fans of Elon Musk and thinks he’s serious about everything and follow him around like a puppy.
Those who know he’s not stupid and likes to troll and are fans of trolling.
Those who are fans of Elon’s manipulative cunning and strategy.
Well, depending on how you look at this, the sale of Tesla shares can be viewed as an opportunity to buy more. I look at red days as sales on great companies. Is Tesla a great company? It is in my book.
The question is how many unplanned sales of Tesla shares are there?
Wonder what the stock price would be without his tax sale and this Twitter sale? $1300? $1500? Didn’t even buy us a drink first 😂😂
I heard that Elon is going to buy Mc Donald's and fix all their ice cream machines 🍦!
What if he did all this Twitter fiasco as a reason to sell. This deal won’t go through. He will back out soon.
Grandpa to the moon 🚀
Yay, I'm the 1st person in here lol.
Please make an amd video soon !
FANTASTIC!
First?