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Comment by TheLoafOfBread | Hacker News Reader

Exactly this. Musk announced buying Twitter, immediately liquidated $10B of Tesla stock without deal being even written down and when Twitter's shareholders decided that they want to be bought, Musk started backing off. It was never an intention to buy Twitter. It was a miscalculation and he ended up stuck with Twitter.

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    Musk announced buying Twitter, immediately liquidated $10B of Tesla stock without deal being even written down

Or he knew Tesla was way overvalued at the time (which turned out to be true) and needed an excuse to liquidate a huge chunk without spooking investors before the price dropped?

It's only a small part of this share and why would he liquidate that by buying another asset for more than it's worth?

More than it's worth financially or as a tool to control narrative in the US? I mean, why do you think certain people are so apoplectic about it? We pretended it didn't shape the narrative in the country until the wrong guy got ahold of it, now it's mask off.

Why are all downvotes? Seems pretty compelling.

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