According to a Reuters calculation, Musk had about $20 billion cash after selling part of his stake in Tesla through multiple transactions in November and December last year and April and August.
My mistake. I mistakenly thought he’d simply swapped the Tesla stock at face value, rather than cashing it out via a brokerage.
It was mostly debt swaps. Elon traded equity in Tesla for equity in Twitter.
Well akschually probably about 22/23 billion were cash according to reuters.
https://www.reuters.com/markets/us/how-will-elon-musk-pay-twitter-2022-10-07/
My mistake. I mistakenly thought he’d simply swapped the Tesla stock at face value, rather than cashing it out via a brokerage.
No problemo. I usually don’t give a shit about this kind of stuff, but if a single person buys for such a huge sum, I maybe look into it.