Elon Musk sells $4 billion in Tesla shares to finance Twitter takeover

  • 🎬 Video
  • ℹ️ Description


Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide.


Connect with CNBC News Online


#CNBC
#CNBCTV

💬 Comments on the video
Author

The financial markets seem to be suffering more than the real economy from the prospect of further Fed tightening, I seriously need suggestions on how to diversify my $500k portfolio made up of volatile TSLA.

Author — Luis Vargas

Author

He is going to borrow the money, it's cheaper to pay interest than to pay the taxes.

Author — Liberalsareidiots

Author

Thanks to other people's money (opm) he can do this for the most part . I don't tweet but enjoy listening to the real thing . He sees his vision of social media and control of it . He does enjoy control of the narrative and this gives him a that opportunity. He can advertise his businesses on the platform as a way to create liabilities and assets to gain tax advantages . I am sure his financial advisors suggested this is a bad idea and your stretching yourself thin but musk doesn't follow conventional wisdom and has pulled a rabbit from his hat on most of his ideas and plans

Author — steven cole

Author

What nonsense: this was a gift to the Tesla fan boys like myself that bought the dip at 822. Life is good.

Author — Jac Flasche

Author

Yeah but Tesla's still up 2.4% and rising now. It's a dangerous short.

Author — Lawrence Fearon

Author

<Always good to hear your thoughtful and logical analysis. It's been pumping and dumping in this range for ages! It's technically just going sideways, sideways means generally stagnant. Trading went smooth for me. More emphasis should be put into day trading. Thanks to Mike Hart for his amazing skills for helping me earn 7 Btc from 2 Btc through day trading. Great TA as always>🙌🏻

Author — muller madison

Author

Crypto currency and NFTS will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment🤑

Author — Gustavo Bedoya

Author

This was the moment walter white became elon musk and bought out twitter.

Author — Audio Maverick

Author

Pretty funny soap opera which is exactly what Musk wants. Being in news stories is super addictive to some people. More important than anything else to them.

Author — Water Bug

Author

congrats comrade, now worries, the sheep will still pile in, we got your back, and you needed to balance your portfolio, smart move, as usual

Author — Xpeng Fangirl

Author

The broader market is down is the main factor why Tesla’s price is down.

Author — Brazos River

Author

So they're taking a billion in taxes? Lol sounds like taxing the rich to me.

Author — ✞︎𝖗𝖎𝖌𝖌𝖆𝖛𝖊𝖑𝖑𝖎

Author

It makes< sense, BTC and ETH is off helping to regulate, rather that pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. And benefits they were unaware with before turn out to be far more beneficial. Few if any rug pulls. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 16` btc from day-trade with Enoch Vance Crypto in few weeks.

Author — Tim Rogge

Author

This is the reason why the stock sold off

Author — The Electric Man

Author

So the CNBC talking heads don't think it's a problem for him to liquidate $4 billion in shares when buying something, but god forbid they do that over a 10 year period to pay for a wealth tax.

Author — M. B.

Author

Pretty sure they call that diversifying your portfolio.. 🤔🤷‍♂️

Author — Dirty Sanchez

Author

yes, ron baron needed to get some payback, we agree, keeping pumping, and cover with the fool cells of spyros panopoulos, just in case

Author — Xpeng Fangirl

Author

He’s trading his shares in Tesla, a fast growing company with a rapidly rising stock, for a stagnant company with a falling stock. Makes sense.

Author — posthocprior

Author

That means another $1b in taxes. The government should be happy.

Author — Purple Media Independent

Author

does not change the Fundimental @tsla.
still killing Legacy Auto OEM's and Startup.
Tesla 4 models in Q1 2022 OUTSOLD every EV OEM .

Author — Mark Plott