Musk Buying Twitter Now More Likely After He Sells Another $7B Worth of Tesla: Wedbush

Seeking Alpha2022-08-10

It's becoming "more likely" that Elon Musk is going to buy Twitter (NYSE:TWTR) after all, according to investment firm Wedbush Securities, following the decision by the world's richest man to sell ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

tig2021
2022-08-11
tig2021
Ok
hphoa
2022-08-11
hphoa
K
robot1234
2022-08-11
robot1234
Elon Musk sells nearly US$7 billion in Tesla shares amid Twitter legal battle. Tesla Inc Chief Executive Officer Elon Musk sold US$6.9 billion worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale of Tesla stock amid a legal showdown with Twitter Inc over a $44 billion takeover deal.Musk, the world's richest person, had said in April that there were "no further TSLA sales planned" - after he sold $8.5 billion worth of shares in the company back then.But legal experts have suggested that if Musk loses his battle against Twitter and is forced to complete the acquisition or pay a stiff penalty, he could conceivably have to sell more Tesla shares.Musk tore up his Apr 25 agreement to buy the social media platform and the two sides face a drawn-out l
bostonxsgp
2022-08-11
bostonxsgp
lesgooo
Troytan
2022-08-11
Troytan
No one is above the law. 👍
Fongtf
2022-08-10
Fongtf
Tks

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1117411621?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-08-10 21:06","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1117411621","market":"us","top_or_hot":-1,"title":"Musk Buying Twitter Now More Likely After He Sells Another $7B Worth of Tesla: Wedbush","media":"Seeking Alpha","content":"<div>\n<p>It's becoming \"more likely\" that Elon Musk is going to buy Twitter (NYSE:TWTR) after all, according to investment firm Wedbush Securities, following the decision by the world's richest man to sell ...</p>\n\n<a href=\"https://seekingalpha.com/news/3870572-musk-buying-twitter-now-more-likely-after-he-sells-another-7b-worth-of-tesla-wedbush\">Source Link</a>\n\n</div>\n","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Musk Buying Twitter Now More Likely After He Sells Another $7B Worth of Tesla: Wedbush</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMusk Buying Twitter Now More Likely After He Sells Another $7B Worth of Tesla: Wedbush\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-10 21:06 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/3870572-musk-buying-twitter-now-more-likely-after-he-sells-another-7b-worth-of-tesla-wedbush><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>It's becoming \"more likely\" that Elon Musk is going to buy Twitter (NYSE:TWTR) after all, according to investment firm Wedbush Securities, following the decision by the world's richest man to sell ...</p>\n\n<a href=\"https://seekingalpha.com/news/3870572-musk-buying-twitter-now-more-likely-after-he-sells-another-7b-worth-of-tesla-wedbush\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TWTR","symbol_name":"Twitter","start_time":0,"source_url":"https://seekingalpha.com/news/3870572-musk-buying-twitter-now-more-likely-after-he-sells-another-7b-worth-of-tesla-wedbush","article_id":"1117411621","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1117411621","pubTimestamp":1660136775,"sourceInfo":null,"weMediaInfo":null,"summary":"It's becoming \"more likely\" that Elon Musk is going to buy Twitter (NYSE:TWTR) after all, according ","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"TWTR":"Twitter","TSLA":"特斯拉"},"translate_title":"马斯克现在更有可能收购Twitter，因为他又卖出了价值7B美元的Tesla：Wedbush","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSLA":0.9,"TWTR":0.9},"content_text":"It's becoming \"more likely\" that Elon Musk is going to buy Twitter (NYSE:TWTR) after all, according to investment firm Wedbush Securities, following the decision by the world's richest man to sell another$7B in Tesla (NASDAQ:TSLA) stock.Analyst Dan Ives noted that the share sale, which were reported late on Tuesday, improves the chances of a deal closing and perhaps before the court case, scheduled to start in October. Ives also raised his price target on Twitter (TWTR) to $50 from $30 to reflect \"the higher chances the deal now ultimately closes.\"Musk, Tesla's (TSLA) CEO, had previously pledged in April that he was done selling shares of the electric vehicle maker.Ives, who has previously laid out four scenarios for the ultimate resolution between Musk and Twitter (TWTR), believes at a minimum, Musk offers a settlement to Twitter (TWTR) in the range of $5B to $10B.\"The Street and legal experts across the board view Twitter as having a 'strong iron fist upper hand' heading into the Delaware court battle this Fall after months of this fiasco and nightmare playing out since April,\" Ives wrote in a note to clients.Twitter (TWTR) shares rose more than 3% to $44.25 in premarket trading, approaching Musk's offer price of $54.20 per share.Ives added that there could be a \"fierce battle in court\" with the number of fake accounts and spam \"front and center,\" but ultimately Twitter's (TWTR) board is holding firm to the aforementioned agreed upon price and have Musk close the deal.In conjunction, Musk's counter lawsuit is seen as \"background noise,\" Ives added.Earlier this month, it was reported that Twitter (TWTR) was going after Musk's associated with a broad range of legal requests as it seeks to have him make good on his $44B agreement to buy the company.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9907558093,"gmtCreate":1660223819514,"gmtModify":1703482976385,"author":{"id":"3587008457873110","authorId":"3587008457873110","name":"tig2021","avatar":"https://static.tigerbbs.com/86558e2c1be0fae967630b306994ef5a","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3587008457873110","idStr":"3587008457873110"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907558093","repostId":1117411621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9907692515,"gmtCreate":1660180571038,"gmtModify":1703478802965,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3578790486524477","idStr":"3578790486524477"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907692515","repostId":1117411621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9907884096,"gmtCreate":1660176171917,"gmtModify":1703478689129,"author":{"id":"3561596430587504","authorId":"3561596430587504","name":"robot1234","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b0a2963eb37c60c5d6d4a8dbcd266952","crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3561596430587504","idStr":"3561596430587504"},"htmlText":"Elon Musk sells nearly US$7 billion in Tesla shares amid Twitter legal battle. Tesla Inc Chief Executive Officer Elon Musk sold US$6.9 billion worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale of Tesla stock amid a legal showdown with Twitter Inc over a $44 billion takeover deal.Musk, the world's richest person, had said in April that there were \"no further TSLA sales planned\" - after he sold $8.5 billion worth of shares in the company back then.But legal experts have suggested that if Musk loses his battle against Twitter and is forced to complete the acquisition or pay a stiff penalty, he could conceivably have to sell more Tesla shares.Musk tore up his Apr 25 agreement to buy the social media platform and the two sides face a drawn-out l","listText":"Elon Musk sells nearly US$7 billion in Tesla shares amid Twitter legal battle. Tesla Inc Chief Executive Officer Elon Musk sold US$6.9 billion worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale of Tesla stock amid a legal showdown with Twitter Inc over a $44 billion takeover deal.Musk, the world's richest person, had said in April that there were \"no further TSLA sales planned\" - after he sold $8.5 billion worth of shares in the company back then.But legal experts have suggested that if Musk loses his battle against Twitter and is forced to complete the acquisition or pay a stiff penalty, he could conceivably have to sell more Tesla shares.Musk tore up his Apr 25 agreement to buy the social media platform and the two sides face a drawn-out l","text":"Elon Musk sells nearly US$7 billion in Tesla shares amid Twitter legal battle. Tesla Inc Chief Executive Officer Elon Musk sold US$6.9 billion worth of shares in the electric vehicle maker, tweeting it was important to avoid an emergency sale of Tesla stock amid a legal showdown with Twitter Inc over a $44 billion takeover deal.Musk, the world's richest person, had said in April that there were \"no further TSLA sales planned\" - after he sold $8.5 billion worth of shares in the company back then.But legal experts have suggested that if Musk loses his battle against Twitter and is forced to complete the acquisition or pay a stiff penalty, he could conceivably have to sell more Tesla shares.Musk tore up his Apr 25 agreement to buy the social media platform and the two sides face a drawn-out l","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":17,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907884096","repostId":1117411621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9907150408,"gmtCreate":1660172036906,"gmtModify":1703478560830,"author":{"id":"3584157491931754","authorId":"3584157491931754","name":"bostonxsgp","avatar":"https://static.tigerbbs.com/55d82efabeabddb18cc2d6ca7a71a36f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3584157491931754","idStr":"3584157491931754"},"htmlText":"lesgooo","listText":"lesgooo","text":"lesgooo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907150408","repostId":1117411621,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9907344403,"gmtCreate":1660148088404,"gmtModify":1703478424680,"author":{"id":"3571482048865852","authorId":"3571482048865852","name":"Troytan","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3571482048865852","idStr":"3571482048865852"},"htmlText":"No one is above the law. 👍&nbsp;","listText":"No one is above the law. 👍&nbsp;","text":"No one is above the law. 👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907344403","repostId":1117411621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9907397623,"gmtCreate":1660139533365,"gmtModify":1703478309485,"author":{"id":"3581987573045566","authorId":"3581987573045566","name":"Fongtf","avatar":"https://static.tigerbbs.com/1a01b536a134993301d16d5ca79160c7","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3581987573045566","idStr":"3581987573045566"},"htmlText":"Tks","listText":"Tks","text":"Tks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907397623","repostId":1117411621,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":88,"commentSize":11,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1117411621"}