Asssuming (as most people suspect) Twitter reports very disappointing Q1 2022 numbers this Thursday (no conference call will be held), Mr. Musk may be asked to add to his "margin/pledge" figures. . . and he will CERTAINLY have to add, if Tesla stock starts to decline in any material way. There is a reasonable probability that his chasing of Twitter -- by pledging his stake in Tesla. . . will injure the interest of the public shareholders of Tesla. And, it may mean he is more readily able to once again (allegedly) manipulate Tesla's stock price -- thus:
. . .Elon Musk has been accused of causing market disruptions with careless tweets, but new evidence suggests that he may have been using Twitter bots to knowingly manipulate Tesla stock prices. According to a report by the Los Angeles Times, automated accounts, or bots, sent over 30,000 Tweets praising "positive" sentiments about Tesla over the course of seven years, beginning in 2013. . . .
We may yet see him have to scrap the bid (under SEC pressure for violation of the 2018 settlement if nothing else). That may also come to pass, because at this all-cash price, it may all begin to jeopardize. . . his real businesses. Ironic, that. Should be good theater, either way. Do stay tuned (no word on the union vote at Staten Island No. 2). Grin.
नमस्ते
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