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Musk wanted to sell Tesla shares after promising he will never do that. He needed an excuse that will not cause already overvalued tesla stock to crash. He wil
by me_me_me 4y ago
Musk wanted to sell Tesla shares after promising he will never do that. He needed an excuse that will not cause already overvalued tesla stock to crash.
He will need money because of a trail he is in.
He thought he could get away with cashing out tesla, paying fine and riding hype train of saving twitter.
Well that train hit the wall it seems. And he is stuck with twitter
- moralestapia 4y agoAs I said, he got into this by himself. No one played a ruse on him.
- Volundr 4y agoI mean yeah, this is a pretty big own-goal for Musk, but someone made damn sure that purchase contract heavily favored Twitter with no wiggle room for Musk, and you can bet it wasn't Musk's lawyers. At minimum the Twitter exec team had the foresight to know Musk wasn't reliable and lock him down.
- moralestapia 4y agoIt was probably an incompetent advisor on Musk's side, or maybe he had good advice but still pressed to do the thing in a rush and screwed everything up. Twitter peeps didn't write and sign that contract :P
- staticman2 4y ago"someone made damn sure that purchase contract heavily favored Twitter with no wiggle room for Musk" That is what you might expect to happen: Twitter wasn't looking for a buyer. You had a motivated buyer and an unmotivated seller so you would expect the contract to favor the seller or there would be no sale.