9 Jul 2022 9:38 pm
Wrong again bluto, you ****. The actual reason why Musk wants out is because...GHETTOBLASTER » 09 Jul 2022, 8:11 pm » wrote: ↑ So in other words Musk proves he values common sense, what is fair and the traditional values that made life in the USA far superior...
Musk has to sell over $8.5 billion in Tesla stock in order to cover the cash transaction in the purchase of Twitter. What Musk can't tolerate is having to sell at a 24% loss in share value from what those shares were worth three and a half months ago.Tesla stocks, which were $998.02 per share on April 25, the day he announced his plan to buy Twitter, have fallen more than 24% and closed today at $752.29 each. While the stock market has faced significant fluctuations over the past months, Tesla's losses are greater than average. In comparison, the S&P 500 lost 9.2% in the same time period and the Dow Jones Industrial Average fell by 7.9%.