Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming

, plus there’s no word of any pending settlement. Musk now says he has a reason to prepare for “the event that Twitter forces this deal to close *and* some equity partners don’t come through.” If that happens, Musk said, he’s trying to avoid an emergency sale of Tesla stock.

Exactly how investors will react to word that Musk is done selling is unknown; however, the price of Tesla shares stayed flat at around $850 in after-hours trading. Wedbush analyst Dan Ives, “Musk selling TSLA stock after he said no more sales will lead the Street to focus on chances of Twitter deal happening and Musk preparing cash portion ... This stock sale will raise a lot of conversation on Street for bulls/bears in the morning.

He has to do it it's simple money management, then comes a business merger that he has leveraged on. WSJbusiness ForbesTech nytimes

The whole Elon vs Twitter banter could affect the whole world both socially and economically!

I find this all difficult to understand because I don't know Elon Musk nor do I know Twitter board members. Aren't they friends?

How is this a 'change of plans'? Dumb speculatory headline.

It's not a change in plans. He did it because if for some reason they win in court he doesn't want to have to sell last min. He also says if the twitter deals folds he will buy back $tsla

Elon is losing it.

Time to buy the dip

I heard he also stocked up on KY knowing that he was about to reamed by Twitters lawyers

changes plans?

🤣👇

TaylorOgan Love him ❤️ our lord and saviour. He will take us to mars and give us all self driving car! How cool!

Turned fanboys into bag holders again

Retail investors getting hustled again, as he slowly makes his exit from tesla.

Nice.

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