Re:Twitter says Musk’s spam analysis used tool that called h...
by conradev on Friday August 05, 2022 @07:33PM
(#32363185)
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.
[ Parent
| on HN ]
Re:Twitter says Musk’s spam analysis used tool that called h...
by throwawaycities on Friday August 05, 2022 @07:43PM
(#32363257)
According 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/0001494730/000089924...
Re:Twitter says Musk’s spam analysis used tool that called h...
by Kranar on Friday August 05, 2022 @11:47PM
(#32364649)
It'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=...