Of "Musk-ian Motion," On A Friday: Trivial Speculations Dept. -- He's Finished Selling / Reached His Current Total... At Least, He Says He Has: ~$8.5 Billion... Sold.

Welp. This is exactly what is likely to happen, now -- every time Tesla slips more than 6% in a few days, on the NASDAQ. There is no doubt that Morgan Stanley and the others will call him -- for margin securities, or outright cash. . . if and when Tesla's NASDAQ price slips in any material way, through closing date -- and potentially beyond.

These bankers are also likely to do so, if Twitter shows a perhaps 10% decline. And should Twitter continue to swoon, the bankers will pressure Elon to restructure his offer, the restructure being a price driven by the "average of the last 20 or 15 days prior to closing date NASDAQ prices of Twitter". Of course, that will scotch the existing agreements, and they will all have to be reworked -- it would also allow the current board to vote to re-instate the pill.

So, I (fairly) wonder -- was this all another bit of street theater, to get some $8.5 billion in liquidity out of Tesla, without his fanbois howling that he is doing it for a bad reason?

Soon enough, he may well walk away anyway (H/T to the erstwhile and long-suffering Anon. below, in comments!) -- and pay his $1 billion kill fee, to Twitter -- and still have $7.5 billion of liquidity.

Who knows? With this guy. . . nothing is ever off the table. Maybe the SEC is seeking a billion dollar penalty for his violations of the 2018 settlement orders.

Who knows?

Enjoy your weekend, one and all. I know I will, now (grinning). . . .

नमस्ते