Posted on 04/26/2022 9:25:52 AM PDT by zeestephen
Despite being the world's richest person, much of Musk's wealth is tied up in Tesla stock, meaning he would likely have to borrow against his holdings to fund the deal.
(Excerpt) Read more at cnbc.com ...
TWTR down 3.27% as I write this.
TWTR price per share as I write this is $50.02.
Very strange - Musk is paying $57 a share to buy the whole company.
Why are people selling $57 shares for $50?
Looks like an opportunity to buy if it goes even lower. Lokks like Leftist investors may be throwing a tantrum...a rather costly one for them too.
Only thing I can think of is someone thinks this deal will still fail. That could happen if during the due diligence phase his auditors find something that would be a deal-breaker financially.
Tesla stock is probably down in anticipation of Musk dumping shares to fund his portion of the Twitter buyout. IIRC, it was $23 billion cash from Musk, and a $20 billion loan.
Are Tesla owners who were also big twitter censor fans PO’d?
Yesterday, at least one of the CNBC stock analysts shorted Twitter.
Her comments were behind the pay wall, so I do not know her reasons.
Most tech stocks are down today.
This has nothing to do with Tesla or Musk or Twitter.
But if you enjoy being told what to think, then swallow this story that Tesla is suffering because Musk bought Twitter.
Why are people selling $57 shares for $50?
I thought Musk's tender offer was $54.20 per share, not $57.
In any case, the deal isn't done until the deal is done. Some people are probably cashing in on the increased Twitter share price now, thinking that the deal may not be consummated.
The buyout needs to be approved by the SEC and maybe by the FTC?
Rivian is also down today by over 7%.
It’s just a down day for the sector.
Party Loyalty .. sieg heil, verstehen ?
“Looks like an opportunity to buy if it goes even lower. Lokks like Leftist investors may be throwing a tantrum...a rather costly one for them too.”
That is how I see it.
Hi.
There are a half gazillion Teslas on the road.
Ol’ Elon ain’t got no worries.
5.56mm
Liberal exit / protest ???
Something tells me that, a lot of Tesla stock is owned by a lot of progressives, who were supporting the electric car industry in order to advance their agenda for climate-change/global-warming.
Now that Musk has bought their democrat-propaganda/conservative-blocking machine, they’re all angry at Musk and Tesla.
Musk has dealt a big blow the progressive democrat agenda and they ain’t taking kindly to it.
it’s all propaganda
Everything is going DOWN since the interloper!
What was posted to me yesterday:
In simple terms, Musk will fund the $46.5bn purchase with:
-$13bn in borrowings from a syndicate lead by Morgan Stanley (other committing banks are BANK OF AMERICA, N.A., BOFA SECURITIES, INC., BARCLAYS BANK PLC, MUFG BANK, LTD., BNP PARIBAS, BNP PARIBAS SECURITIES CORP., MIZUHO BANK, LTD., and SOCIETE GENERALE),
-$12.5bn in margin loans, i.e., loans against Musk’s Tesla stock holdings,
-$21bn in cash from Musk.
“Why are people selling $57 shares for $50? “
i wish i knew too ... SEEMS like a great opportunity for arbitrage ...
I understood that Musk paid $54.20 per share.
I don’t know if CNBC has been paying attention but stocks have been going down for a week and a half now. Musk just clinched the deal yesterday
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