By Peter Vercoe | Bloomberg
“In the event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk wrote.Musk has now dumped about $32 billion worth of Tesla shares since November. The world’s richest person said less than four months ago he had no further stock sales planned and has attempted since then to terminate his $44 billion acquisition of Twitter.
“Musk said at the Tesla shareholder meeting that any weakness in the share price was a buying opportunity, and then 24 hours later started selling stock himself,” said Jim Dixon, a senior equity sales trader at Mirabaud Securities. It’s “very unlikely” Musk is done offloading the stock, Dixon said. Over the weekend, Musk tweeted that if Twitter provided its method of sampling accounts to determine the number of bots on its platform, “the deal should proceed on original terms.”
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