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This would have been switching from an overinflated stock to a much more overinflated stock.
by halukakin 4y ago
This would have been switching from an overinflated stock to a much more overinflated stock.
- rmbyrro 4y agoThe theory presumes he never intended to actually buy Twitter stocks, just keep the cash.
- behnamoh 4y agoBut why would he need cash? To buy another company, or start one of his own?
- johannes1234321 4y agoTo prevent itbecome worthless from a Tesla stock crash. Either putting it in the abnk or other investments.
- floatinglotus 4y agoHe knows Tesla is overpriced and wants to take some of his money off the table. He knows it is due for a major haircut.
- yebyen 4y agoWhy would anyone need cash ahead of a recession? I wonder...
- rmbyrro 4y agoTo buy more tesla stocks than he had before, at a lower price point each. He doesn't hide he would like to have the company private. Owning more stocks moves him closer to this ideal. Just speculating, I have no inside info on what he really wants to do with the cash.