Huh? I keep seeing people make this point, but the premise is defective. Investors clearly reacted negatively to Elon's Tesla stock sale, despite the Twitter 'excuse'. Furthermore, if Elon wanted to minimize Tesla sell pressure, his initial Twitter deal proposal wouldn't have been missing $21B of financing, which made investors think Elon would need to sell more stock in the future.

He could have justified the stock sale in plenty of other ways, including reallocating funds to his other companies, without forcing himself into a $44B deal.