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It's not a mystery. All tech stocks, including Twitter and Tesla, have teamed after Elon's offer. So now he doesn't want to buy it at all, or not for this price
by kmonsen 4y ago
It's not a mystery. All tech stocks, including Twitter and Tesla, have teamed after Elon's offer. So now he doesn't want to buy it at all, or not for this price. So he is trying to find an excuse.
- umeshunni 4y agoVery likely he's looking for a discount.
- kmonsen 4y agoMaybe, I think he doesn't want to buy at all. With TSLA down almost 50% since he proposed to buy it based on loans against his stocks it would be very expensive for him at any price now. But I mean who knows, your guess is as good as mine. I think it was an impulse buy and now he has regrets.
- cloutchaser 4y agoSo, does he not want to buy, or not under current market conditions? :)
- tinyhouse 4y agoHe doesn't have loans against his Tesla stock anymore. He replaced those.
- skohan 4y agoOn what grounds would Twitter possibly offer a discount? He made an offer, filed with the SEC, and they accepted. As far as I understand he's currently contractually obligated to go through with it.
- EveYoung 4y agoFor example, to avoid protracted litigation. Last year, Tiffany aggreed to a slightly lower purchase price as well.