The 59-year-old founder of Amazon now has a wooden...
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He stated that he will stop selling shares at these periods. Upon being questioned by $TSLA investor Sawyer Smith, Musk responded, "It is crucial to avoid an emergency sale of Tesla stock in the (hopefully improbable) case that Twitter pushes this deal to close *and* some equity partners don't come through. The CEO depended on his business associates in addition to selling his shares in order to purchase Twitter. According to CNBC, these include the Saudi Arabian prince Alwaleed bin Talal bin Abdulaziz and the equity investors Binance, Ron Baron's BAMCO, Andreessen Horowitz, and Jack Dorsey, the former CEO of Twitter. Musk is still the richest person in the world, according to Forbes, with a net worth of $200 billion, despite the 46% decline in Tesla shares this year. According to reports, Twitter has been having trouble since Musk took over as captain. Because of the altered rankings, a number of Twitter advertisers stopped their campaigns. Sarah Personette, a top advertising executive, also quit adding to this. According to the article, Musk has been meeting with the advertisers face-to-face, but these meetings have not been completed because of some of his words and acts that alarmed them.Yes. In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.
— Elon Musk (@elonmusk) August 10, 2022
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