Musk has
overstepped his area of expertiese...
and Stock Holders are very well aware of that fact and they are imposing consequences!!!!.
quote
When Musk announced he had secured the money to finance the transaction, he said he would cover $21 billion himself, with banks helping finance the other half.
What remains
unclear is how he will come up with that money —
whether he will sell some of the Tesla shares he owns, borrow against them, bring in additional investors, or all three.
There is also growing concern about whether owning Twitter would bring him into conflict over free speech with the government in China, a key market for Tesla where the auto maker also has significant production.
On top of that,
there is the risk Musk could become distracted by his latest acquisition.
If Musk does offload some of those holdings, it could drive Tesla's share price down further. This is something the company warned investors about in its latest annual report, filed in February with the U.S. Securities and Exchange Commission.
"If Elon Musk were forced to sell shares of our common stock that he has pledged to secure certain personal loan obligations, such shares
could cause our stock price to decline,"
the company wrote.
It also could result in a hefty tax bill for Musk himself, who sold billions of dollars worth of Tesla shares last year. sending them sharply lower, as he engaged in heated back-and-forth with Democratic lawmakers about how billionaires should be taxed.
end quote
People often let money make them think they can do anything, without consequences.
Loss of a
$125 Billion is a Big Consequence!!!!
Musk thinks he can talk crap to anyone including the government, he talked crap to California and moved to Texas, before long he is going to find out his "temper tandrums and follow up temper actions, will continue to be costly.
He's done some intersting things, but he has to come to understand he
is not "Master of The World"...
Titans of the late 1800 and early 1900's found that out the hard way. We've seen all to often what wealth and arrogance will do,
It has cause many tremendously over the span of history.
