Elon Musk finally reported, late of course, that he’s been selling Tesla TSLA 0.00%↑ stock since last week at prices ranging between roughly $197-220 per share to raise $3.95 billion.
That would have closed some, if not all the gap in the shortfall he faced in the last week before the Titter deal closed onw October 28th. We’ll probably never know the details of his frantic last-minute funding execution (see my report Elon Has "Freed" Twitter: Send The Ravens, 10/28/22).
Just in time, since he says Twitter is losing $4 million in revenue per day since he took the helm.
Why are we not surprised.
This probably is the closest we’ll come knowing more about Twitter’s funding jeopardy for the foreseeable future since Elon has taken the company private and dark—unless he comes to market for new funding as I have speculated.
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CNBC: Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter deal
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CNBC Photo: Getty Images
Elon Musk finally reported, late of course, that he’s been selling Tesla TSLA 0.00%↑ stock since last week at prices ranging between roughly $197-220 per share to raise $3.95 billion.
That would have closed some, if not all the gap in the shortfall he faced in the last week before the Titter deal closed onw October 28th. We’ll probably never know the details of his frantic last-minute funding execution (see my report Elon Has "Freed" Twitter: Send The Ravens, 10/28/22).
Just in time, since he says Twitter is losing $4 million in revenue per day since he took the helm.
Why are we not surprised.
This probably is the closest we’ll come knowing more about Twitter’s funding jeopardy for the foreseeable future since Elon has taken the company private and dark—unless he comes to market for new funding as I have speculated.
Stay tuned.
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