The fears of Tesla (TSLA ຮັບລາຍງານຟຣີ shareholders and fans are confirmed.
Elon Musk, the CEO of the famous manufacturer of premium electric vehicles, is paying a hefty price for his acquisition of Twitter (TWTR ຮັບລາຍງານຟຣີ .
And unsurprisingly, Tesla is paying the price. The billionaire has just sold 19.5 million shares of Tesla for a total amount of $3.95 billion, according to ເອກະສານກົດລະບຽບ filed on November 8 in the evening.
The sale was completed in 38 transactions on November 4, 7 and 8, just days after the Twitter acquisition was ແລ້ວສິ້ນ . The tech tycoon had taken control of the social network on October 27 after a six-month battle marked by twists and turns and a stop in the courts.
The documents thus ຢືນຢັນ the speculations that have been circulating in recent days. According to these rumors not commented on by Musk, he was going to have to sell Tesla shares to shore the deal.
“Musk sold $4 billion of stock according Form 4’s filed,” said Wedbush analyst Dan Ives. “The Twitter deal remains an albatross in many ways but it looks like the Musk stock sale worries now should be done. Tesla stock down big since Twitter deal. Frustrating situation for all.”
Exodus of Advertisers Twitter ເຮັດໃຫ້ Musk ແພງເກີນໄປ, 44 ຕື້ໂດລາ. ມະຫາເສດຖີເປັນຫນີ້ສິນປະມານ 13 ຕື້ໂດລາເຊິ່ງໄດ້ຮັບປະກັນຕໍ່ກັບຫຸ້ນສ່ວນທີ່ຍັງເຫຼືອຂອງລາວໃນ Tesla ເປັນສ່ວນຫນຶ່ງຂອງ ຜັກດັນ ຊື້ອອກ. ນັບຕັ້ງແຕ່ການຍຶດເອົາໃນວັນທີ 27 ຕຸລາ, ລາວໄດ້ພະຍາຍາມຊອກຫາແຫຼ່ງຂໍ້ມູນຂອງ ລາຍໄດ້ ສໍາລັບເຄືອຂ່າຍສັງຄົມ.
ບັນຫາແມ່ນວ່າລາວຈະຕ້ອງຂຸດເລິກກວ່ານັ້ນຍ້ອນວ່າບໍລິສັດສູນເສຍ 4 ລ້ານໂດລາຕໍ່ມື້, ອີງຕາມມະຫາເສດຖີ. ຕໍ່ໄປ, ຜູ້ໂຄສະນາກໍາລັງໂຈະການສົ່ງເສີມຜະລິດຕະພັນແລະການບໍລິການຂອງພວກເຂົາໃນເວທີສໍາລັບຄວາມຢ້ານກົວວ່າມັນຈະກາຍເປັນ "hellscape" ພາຍໃຕ້ Musk, ຜູ້ທີ່ກໍານົດຕົນເອງເປັນ "ນັກເວົ້າທີ່ບໍ່ມີການປາກເວົ້າ."
ການໂຄສະນາກວມເອົາຫຼາຍກວ່າ 91% ຂອງລາຍໄດ້ຂອງ Twitter.
Gene Munster, managing partner at Loup Funds, warned on November 7 that Musk could be forced to sell additional Tesla shares if advertisers continue to leave Twitter.
“They have a month here to kind of kitchen sink things and get people to reset with what their products are and get advertisers to understand what their content moderation is,” Munster told CNBC on Nov. 7. “If that yields the current environment, he’s gonna have to sell shares.”
‘Avoid an Emergency Sale’ This is the third time Musk has sold Tesla stock this year. He sold over $8 billion worth of shares in the electric vehicle maker in April and sold nearly $7 billion worth of Tesla shares in August to fund the deal.
In August, he had indicated, during an exchange on Twitter with a shareholder and fan of Tesla, that he had sold his shares to avoid having to do so urgently in case he was forced to acquire. He also said he wouldn’t sell any more Tesla shares, at least this year. At the time, the technoking had withdrawn its purchase offer from the table but had to put it back on October 4 a few days before the start of a trial which did not look good for him.
It is therefore a huge about-face on the part of the billionaire, whose essential fortune is based on his shares in Tesla and his aerospace company SpaceX.
“@elonmusk are you done selling?” the Twitter user asked him on August 9.
“Yes,” Musk responded. “In the (hopefully unlikely) 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.”
At the end of the Nov. 7 trading session, Tesla shares fell to their lowest level in 52 weeks, at $186.75
Tesla shares are down 15% since Musk finalized the Twitter deal on Oct. 27. Since Musk announced his bid on April 25, Tesla shares have lost a total of 43% of their value to $191.30. This represents a drop in market value of approximately $454 billion.
Tesla, which was until now the sixth largest company in the world in terms of market capitalization, was overtaken on Nov. 7 by Berkshire Hathaway (BRKA ຮັບລາຍງານຟຣີ , the holding company of legendary investor Warren Buffett.
The more Musk is involved in Twitter, the more Tesla sinks in the stock market. The billionaire said on Nov. 4, at the Baron Investment Conference, that his workload had shot up from “78 hours a week to probably 120” since he purchased Twitter.
ໃນໄລຍະຍາວ, Munster ເຊື່ອວ່າການຊື້ Twitter ຈະບໍ່ເປັນບັນຫາສະເພາະສໍາລັບ Tesla, ທີ່ມີແຜນທີ່ຖະຫນົນທີ່ເຕັມໄປດ້ວຍຜະລິດຕະພັນເຊັ່ນລົດ Semi ໃນເດືອນທັນວາ 1, Cybertruck ຄາດວ່າຈະສູງໃນກາງປີ 2023, robotaxis ໃນ 2024 ແລະ ຫຸ່ນຍົນມະນຸດ Optimus ໃນປີ 2023.
“Musk purchasing Twitter means very little to the future of Tesla and SpaceX,” Munster ຂຽນ in a research note last month. “He will continue to give the bulk of his energy and time to both companies.”
Source: https://www.thestreet.com/technology/elon-musk-has-a-very-bad-surprise-for-tesla-shareholders?puc=yahoo&cm_ven=YAHOO&yptr=yahoo