this post was submitted on 05 Jul 2023
314 points (99.1% liked)

World News

32351 readers
412 users here now

News from around the world!

Rules:

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] pulaskiwasright@lemmy.ml 1 points 1 year ago (1 children)

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.

[–] SaltySalamander@lemmy.fmhy.ml 1 points 1 year ago

Pretty sure he took out loans using his Tesla stock as collateral, rather than dumping the stock outright.