For those that have had enough of the Elon Musk worship online.
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Watch how Tesla goes bankrupt because of one CEO's idiocy and greed and then blame unions for it. Tale as old as time.
Seriously. It was an easy way to get rid of that anchor
They hold over 40% of the stock, that's got to be well over $200bn, no way would they risk tanking the value
You think that Twitter is worth over 500 billion? I would be surprised if it was worth 1 billion at this point. They're still losing users.
Tesla, as that's the one institutional investors hold all the shares for as it's the only one of the two publicly traded.
Twitter is privately owned via loans. Twitter shows how pathetic he can be when he doesn't get what he wants even at the expense of his own money
Oh right, I forgot which one was paying him that ridiculous compensation package. Is Tesla worth $500 billion? I would think getting rid of the obvious emotional weak link that has rather public temper tantrums would increase the stock price, but that shows what I know.
As of yesterday the market cap was over 700 bn for Tesla. He can and has tanked the share price by bulk selling shares. Nobody is going to take that risk when they hold a few hundred billion in shares as even a 10% dip is at least 20bn dip. Best they can hope for is some more over the top announcements from Musk that boost the share price enough that they can reduce their holdings before Tesla drops like a stone.