pelespirit@sh.itjust.worksM to People Twitter@sh.itjust.works · edit-25 months ago👀😐Even Elon doesn't think he's playing 4d chess. Not when Telsla stock is tankingsh.itjust.worksexternal-linkmessage-square55fedilinkarrow-up1258arrow-down18file-text
arrow-up1250arrow-down1external-link👀😐Even Elon doesn't think he's playing 4d chess. Not when Telsla stock is tankingsh.itjust.workspelespirit@sh.itjust.worksM to People Twitter@sh.itjust.works · edit-25 months agomessage-square55fedilinkfile-text
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up1·5 months agoElon can’t easily buy or short his own stock, there are regulations that require advance notice of any trades. So Elon’s priority is to move the stock higher, since he can’t time the stock.
minus-squaresugar_in_your_tea@sh.itjust.workslinkfedilinkarrow-up1·5 months agoHe was forced to buy Twitter, and he said as much in an interview: Clayton: So then you change your mind again, and decided to buy it – did you do that? Did you do that? Musk: Well, I kind of had to. Clayton: Right. Did you do that, because you thought that a court would make you do that? Musk: Yes. Clayton: Right. Musk: Yes, that is the reason. Clayton: So you were still trying to get out of it. And then you just were advised by lawyers, “Look, you’re going to buy this?” Musk: Yes. So yeah, I do think he has some respect for the SEC.
Elon can’t easily buy or short his own stock, there are regulations that require advance notice of any trades. So Elon’s priority is to move the stock higher, since he can’t time the stock.
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He was forced to buy Twitter, and he said as much in an interview:
So yeah, I do think he has some respect for the SEC.