Elon Musk on Tuesday disclosed in six filings that he sold $6.85 billion worth of Tesla, Inc. shares on Aug. 5. He later took to Twitter to clarify that the disposals were a preemptive move to mobilize funds to finance a “hopefully unlikely” Twitter, Inc. deal, if it is enforced and some equity partners don’t come through.
“It is important to avoid an emergency sale of the Tesla stock,” he added.
Analysts, however, had a different take on it.
Elon Wants It: Black
At this point it is clear that Musk wants to buy Twitter and that both parties are willing to settle for a lower price, rather than going through the tedium of a trial, Future Fund founder Gary Black said on Twitter….