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Musk is (was?) not selling Tesla stock. It would be very hard to sell $8.5B of stock without completely crashing its value. He was taking out a loan secured aga
by conradev 4y ago
Musk is (was?) not selling Tesla stock. It would be very hard to sell $8.5B of stock without completely crashing its value. He was taking out a loan secured against that stock.
- throwawaycities 4y agoAccording to this regulatory filing with the SEC, and others, he did, as I said a smoke screen to distract from the fact he most certainly did crash the stock as you suggest. A total sale of about $8.5B, but the total Twitter purchase price was $44B and that difference is where you are likely getting the idea of the loan against his remaining stock. https://www.sec.gov/Archives/edgar/data/0001494730/000089924322015991/xslF345X03/doc4.xml https://www.sec.gov/Archives/edgar/data/0001494730/000089924...
- Kranar 4y agoIt's a matter of public record that MUSK ELON REEVE sold precisely $8,517,410,779 worth of Tesla stock between April 26th and April 28th [1]. https://finance.yahoo.com/quote/TSLA/insider-transactions?p=TSLA https://finance.yahoo.com/quote/TSLA/insider-transactions?p=...