Maybe The Richest, But Definitely Not The Smartest
I couldn't help but notice this morning's news: Elon Musk is dipping into his electric car company to pay for his share of the $44 billion Twitter purchase, according to reports. He sold another $3.95 billion of Tesla shares Nov. 4-8, the Associated Press reported from regulatory filings, following up the $7 billion he sold in August as he tried to exit the Twitter deal on allegations of fraudulent account figures. He's now sold more than $19 billion of Tesla shares since April, when he started the Twitter deal. Forbes reported this was the first time Musk's personal wealth, which is tied up in Tesla, has dipped below $200 billion since May 24. It also happened Oct. 1, 2021. Tesla shares closed at a 52-week low Tuesday at $191.30. As I've looked at the Twitter takeover, on one hand from a considerable distance but on the other from a career in tech, I can't escape the feeling he's making things up as he goes along, which doesn't bode well....