Sure enough, Musk reduced his holdings of Tesla.
According to SEC documents, Musk sold a total of 4.415 million shares of Tesla stock from April 26 to April 27. According to Bloomberg's calculations, the total value is $3.99 billion.
By comparing the stock price trend and the time of the reduction, it can be seen that Tesla has been smashed out of this "pit" recently, and it is indeed difficult to say that it has nothing to do with Musk.
Since Musk announced an acquisition agreement with Twitter on Monday, there have been concerns about "selling Tesla stock".
According to reports, in the $44 billion offer to buy Twitter, Musk has said that he received about $13 billion in financing from financial institutions such as Morgan Stanley, in addition to about $12.5 billion in mortgage borrowings from Tesla stock, but where the remaining $20 billion comes from has been in a fog.
Now it seems that the market's conjecture may be fulfilling.
The good news is that Musk has taken a reassurance and promised to "sell out this time."
Musk: "No plans to sell Tesla stock after today"
But it is also difficult to calm the anger in the hearts of the shareholders, and it is criticized by netizens for using Tesla as a cash machine...
In addition, according to regulatory documents, musk currently holds 168 million Tesla shares after completing this stock sellout. At the same time, there is still a certain funding gap in his acquisition plan. More precise information is still needed on the follow-up "Where the Money Comes From". Whether the wording "after today" means that there have been undisclosed stock sell-offs in the past two days also needs time to answer.
Cow friends, is Musk's wave of operations just to raise funds to buy Twitter?
If Musk closes as scheduled, can Tesla's stock price pick up?
Edit/phoebe
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