3 ms·
The theory is that buying twitter provided him a good "excuse" to dump a ton of TSLA. If he had just randomly sold billions of TSLA it would have spooked the ma
by positr0n 4y ago
The theory is that buying twitter provided him a good "excuse" to dump a ton of TSLA. If he had just randomly sold billions of TSLA it would have spooked the markets because it would seem like Elon didn't believe in the future of the company, or at the very least didn't believe that it's current valuation is justified.
- yieldcrv 4y agoan you mean that its not really about the liquidity of the markets, its more about the perception of why the sell (of an amount that large) occurred at all, and extrapolating what that means okay