To be fair, he tried to sell a good amount of Tesla shares close ...
to the peak at around $340s in early/mid April (minus the quick blip to $400 in Nov. '21). IMO and many others, Musk got cute ... and tried to mask his sale by making a "bid" for Twitter. He was gladly willing to pay the $1bn breakup penalty to not spook TSLA shareholders (also have an excuse for the selling pressure - stronger px for his sale). Unfortunately for Elon, it sounds like he left a paper trail of his scheme. The Delaware Courts went ahead with the case.
Personally, I think it's hilarious Twitter screwed him. Elon's stunt was outright unethical ... although somewhat brilliant ... executed poorly. Unfortunately, the other the big losers of the acquisition are the low/mid level employees of Twitter. Their livelihoods are at stake ... while the Twitter execs and major shareholders get to bathe in Elon's money. Twitter needed to cut costs, but Elon's made a mess of it.
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In response to this post by southdenverhoo)
Posted: 12/15/2022 at 9:55PM