Most of us presume Elon is selling Tesla stock to finance Twitter. While that is the most logical choice, there might be another reason.
In this video I discuss how Elom might be doing some tax planing, suing some options that he has. He could be selling and buying in at a lower price.
▶️ 3Speak
There is a lot of wait and see but I know that Twitter is hemorrhaging money. So I would not be surprised if he wants some buffer and use the leftover for tax planning. Was the amount he sold into the market about 5% of the daily volume? I think that number should normally get absorbed into the daily trading but I guess the bearish tilt is pushing down prices.
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He is probably gonna run it all down and find other ways to sustain it. There is so much to keep fingers Crossed for. 2023 will be an interesting year.
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