The agreement Twitter penalizes Tesla, the automaker burned about $21 billion on Wall Street. Investors fear that Elon Musk plans to fund the social network’s takeover by liquidating some of its Tesla stock, causing the stock’s value to plummet.
Last week, Elon Musk filed an SEC document outlining broadly how he plans to fund the Twitter acquisition. Total price: $46.5 billion, or $54.20 per share. Of this, only 25.5 billion will come from a loan made to him by Morgan Stanley, the remaining 21 billion (paradoxically the same amount ‘burned’ by Tesla’s market cap) will have to come from his personal finances.
Analysts are almost certain that Elon Musk has no liquidity for more than 20 billion, hence the obvious consideration – espoused by the market – that the entrepreneur will have to sell a significant portion of his shares, causing a vertical collapse of the market. stock market value of Tesla
Investor fears soon led to a massive sale of Tesla’s stock, which stood at 12.2% of their value yesterday.
It threatens to be a disastrous boomerang for Elon Musk himself. “If Tesla stock remains in freefall, Musk faces a serious risk of irreversibly jeopardizing its assets,” Ed Moya, senior analyst at OANDA, told Reuters.
Elon Musk is considered the richest man in the world, with an estimated wealth of approximately 239 billion. Almost all of his assets are in stocks and shares of his companies, especially Tesla.
Source: Lega Nerd
