Forex Analysis & Reviews: 02.05.2022 - Elon Musk sells $4bn worth...

02.05.2022 07:16 AM

Elon Musk sells $4bn worth of Tesla shares

Elon Musk sold about four billion dollars in shares of Tesla in the days after his offer to take over Twitter privately, according to the submissions of the Securities and Exchange Commission.

So, the bulk of the CEO's selling was done on Tuesday. Tesla shares fell 12% that day, but were up less than one percentage point on Wednesday. After the submissions became public, Musk wrote on Twitter: "No further sales of TSLA are planned after today."

It was revealed this week that Tesla CEO Elon Musk will become the next owner of Twitter, paying around $44 billion for it. Users are now wondering how he will deliver on his promise to develop new features by opening up his algorithm to public scrutiny. Musk has also recently said that he plans to make the most honest social network with freedom of speech. This is scary for investors. In a press release, it was noted that there would soon be "authentication of all users". It is not yet clear what exactly Musk had in mind by that phrase.

Although the board has decided to sell Twitter, Musk must raise the amount for the purchase, securing sufficient funding to complete his deal. If he fails to raise the right amount, he will have to pay Twitter a fine of $1 billion. On the other hand, according to the same document, Twitter will owe Musk $1 billion in compensation if the company decides to suddenly accept a competitor's offer or if shareholders back out of the deal.

There is also plenty of discussion online about the personalities of other bidders. Other potential buyers may have found Twitter too difficult to improve, or too expensive in the current economic realities, especially when access to cheap Central Bank money isn't becoming as cheap as it used to be. Given that the social network is no different from many other platforms that have emerged in the last decade, it is likely that Musk will find it rather difficult to upgrade it with new innovations.Tesla stocks are trading at $892 on the pre-market, adding about 1.62% from yesterday's closing price.

لقد أعجبك هذا المنشور بالفعل اليوم

*Disclaimer: The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

هل لديك سؤال حول المحتوى، برجاء الاتصال على البريد الإلكتروني editorial-board@instaforex.com

Stock Markets

المقالات الموصى بها

سوق الأسهم الأمريكية يظهر نموًا متواضعًا

تحديث سوق الأسهم ليوم 26 مارس: مؤشر S&P 500 وNASDAQ يواصلان التعافي التدريجي

سوق الأسهم الأمريكية يكتسب زخمًا صعوديًا جديدًا. المستثمرون يدركون إشارة انتهاء التصحيح الهبوطي

سوق الأسهم تحت تهديد الانخفاض

مؤشر S&P 500: من النشوة إلى الانهيار

سوق الأسهم الأمريكية في 24 مارس: مؤشر SP500 وNASDAQ يكتسبان الزخم في ضوء الأخبار حول التعريفات الجمركية

محاولة السوق الأمريكي للانتعاش. احتمالات ضربة أمريكية ضد إيران تدعم أسعار النفط

توقعات سوق الأسهم ليوم 21 مارس: مؤشر S&P 500 وNASDAQ تحت الضغط مرة أخرى

السوق الأمريكية في مرحلة التوحيد. ترامب يسعى للحصول على دعم مجلس الشيوخ للضربات ضد إيران

البنك الاحتياطي الفيدرالي يلقي بطوق النجاة لسوق الأسهم

أهم التحليلات