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As a participator in Tesla IPO Musk's actions are very concerning to me. His prior incident tweeting that he had lined up financing to take Tesla private (which
by xenadu02 4y ago
As a participator in Tesla IPO Musk's actions are very concerning to me. His prior incident tweeting that he had lined up financing to take Tesla private (which was a 100% complete lie) should have been enough of a wake up call that he needed to stop "getting high on his own supply". From what we can see on the outside it appears he didn't learn anything from it.
In fact it appears his offer to buy Twitter was not a well-researched and planned operation, it seems to have been something of a whim initially.
None of us can really know what he was thinking but for my part I think it is simple buyer's remorse. He didn't really consider the consequences of tying up his personal wealth in the deal, the potential to lose control of his other companies, nor how he would ever make his money back on Twitter itself. Perhaps he thought the bull market would erase all sins eventually anyway only to slam directly into a bear market wall.
Whatever the case his behavior seems erratic and unconsidered at times. As a shareholder I find that deeply disturbing. I would much rather he focus on running Tesla and SpaceX instead of trying to buy Twitter.