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this post was submitted on 05 Jul 2023
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I think he knew Twitter was a turd and wanted to use it as an excuse to dump Tesla stock without killing Tesla share value. The plan went awry when he couldn’t weasel out of the deal as planned and was forced to actually buy a company that was dead weight.
Pretty sure he took out loans using his Tesla stock as collateral, rather than dumping the stock outright.
He did both. He sold at least $3,000,000,000 in Tesla stock to help fund the twitter purchase.