After positioning himself as the largest stakeholder in the company, Musk tried to buy it.
The whole deal blew up in Musk's face, and now he's trying to back out of buying the social media company.
If the court rules in the company's favor, Musk might have to pay a lot of money to buy the company. It was really bad.
The Securities and Exchange Commission disclosed this week that Musk has sold off more than 7 million of his shares in the electric car company.
The New York Times says that it is $7 billion.
In a reply to the news, Musk said he wanted to avoid an emergency sale of the company's stock. Musk said "yes" when asked if he would buy the stock again if the deal didn't close.
We shouldn't take him at his word because he changed his mind about not selling more TSLA shares.
A lot has changed for Musk but a lie is still a lie.
It's the latest turn of events for the eccentric tech CEO, whose deplorable behavior during the ongoingTwitter deal has gone unnoticed in the courtroom.
If Musk wants to avoid the deal from becoming any bigger of a disaster, he's going to have to tighten up his finances and behavior.
Musk claims that his company will roll out an electric semi truck this year.
All Rights Reserved © 2024
