Musk Sells $4 Billion of Tesla Stock in Twitter Pursuit

Elon Musk is pursuing a deal to acquire Twitter, which involves selling 4.4 million Tesla shares. Despite this, Tesla's pre-market value rose by 3%, while Twitter's increased by 0.3%, still below Musk's offer price of $54.20 per share. Musk assured investors he has no further plans to sell Tesla stock, but some analysts, like Dan Ives from Wedbush, view the acquisition as a burden on Tesla's stock.

What financial action did Elon Musk take to support his Twitter acquisition?

• He sold SpaceX shares.

• He took a bank loan.

• He sold Tesla shares.

• He sold Twitter shares.

How did the stock market react to Musk's actions in the pre-market?

• Tesla's stock decreased by 3%.

• Twitter's stock increased by 3%.

• Twitter's stock decreased by 3%.

• Tesla's stock increased by 3%.

What was the offered share price for Twitter in Musk's acquisition deal?

• $55.00

• $50.00

• $54.20

• $49.00

What did Musk do to address market concerns about his stock sales?

• He sold more Tesla stock.

• He announced a new product.

• He bought more Twitter shares.

• He promised not to sell more Tesla stock.

How does Dan Ives perceive Musk's acquisition of Twitter?

• As a positive influence on Twitter.

• As a burden on Tesla's stock.

• As a neutral event for Tesla.

• As a beneficial move for Tesla.