Tesla CEO Elon Musk has reportedly said he is pulling out of his $44 billion deal to purchase Twitter. The big question is why?
The Daily Wire’s Ben Shapiro explains that the real reason may have to do with getting away with selling Tesla stock without tanking the stock price. This is an super beneficial feat for Musk’s company and stock holders. While online comments tend to focus on the free speech battle, censorship and fake Twitter accounts, the core of the issue may simply come down to money.
If this was Musk’s true intention with the Twitter buy, he is a genius for thinking it up. A few years ago Mark Zuckerberg nearly tanked Facebook when he attempted to sell nearly a billion shares of his company. Musk is out here playing 4-D chess while the rest of us are playing checkers.
The concern at hand, however, includes Musk signing a deal and then ending it. The case may go to court, which Musk may actually want because it would force Twitter to provide the evidence he has wanted regarding Twitter bots to know how many real Twitter users there are.
However, the stalling process during the meantime means Musk’s cash is freed up for other projects, at least in the short term.
Tesla has had a bit of economic upheaval that may be a factor as well. The video addresses some of these dynamics, so it’s good to know the full story behind Musk and the Twitter deal that goes beyond the online hype. Watch it now for the full report.