$Tesla (TSLA.US)$ very likely Elon will drop his Twitter buy...
$Tesla(TSLA.US$ very likely Elon will drop his Twitter buying deal, that will be a huge boost to TSLA stock price
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Musky : True. He has been finding fault. Walking away with 1 billion penalty is peanuts to him.
dekrill : How is he gonna pay 1b break up fee + potential lost from breach of contract if twitter sues him?
Investors supporting his buying of twitter will not be paying for his law suit and break up fee.
TeslaSmurf : Yes he will, but only to present a new offer at 42,00$ That the shareholders will accept, after their stocks will fall under 30$. Elon will save 20% (about 8,8 Bn), he won’t need to offer more Tesla stocks as collateral guarantee, his partners will be all happy and Tesla’s investors too.
TeslaSmurf : If the board does not accept the new offer, there will be an investigation about the reasons of the “unfaithful” declaration in the SEC filings about the 5% of false accounts and there will be heavy CONSEQUENCES: who was responsable for that (probably the whole financial management, the technical surveyors and maybe the board) would have to pay BILLIONS (they don’t have) to the shareholders and will be ruined forever. So they will sell at 42,0
Musky : I don’t believe Twitter have control fake accounts under 5% nor deal with spam bot issue. Not in their interest esp this cook up the number of accounts using their platform. If Elon wants to go through with the deal he will get it at an discount price based on his allegations that Twitter not will to prove otherwise just stating he waive his right to DD.