If he sells a lot of Tesla stock it could cause a run. If he does it with a pretence he might avoid the run and preserve his stock price.
I think this theory is right.
And as much as he trash talks Warren Buffet, I think he was basically following his advice of “buy what you know.” He just got burned by amazingly bad market timing.
He obviously has insider knowledge of Tesla, a finger on the pulse of his market and saw warnings about world economic conditions. He predicted the stock was going to take a hit, probably needed some money for his other ventures and wanted to sell fewer shares at a higher price. That way he keeps more control of the company. Occam's razor says the simplest explanation is probably right.
That is not what Occam's razor says and is a very complicated, explanation anyway.
That makes no sense - he predicted the stock market crash - and then started twitter buyout at pre-crash prices ?
What makes you think twitter shareholders would sell for less? If you made a 1B dollar investment in twitter ten years ago, what return would you look for? If you didn’t get it from the present offer what would you do? Would you lobby 5 other massive shareholders that twitter will be worth more in 6 years and there is no need to sell or would you sit on your hands and hope for the best?
TWTR stock has basically gone no where since the IPO in 2013. Look at the 10 year chart. It's in the same range as it was in late 2013, right after the IPO. (I am a Twitter stock holder.)
What stocks “do” on the stock market is not the subject. The subject is: what ROI do you expect as an investor? Not a short term speculator. But an an investor who allocated a portion of the portfolio to TWTR with a long term time horizon.
I’ve been an investor in Twitter since shortly after the IPO. It’s done shit.