To keep Musk on Twitter, he sells Tesla shares for billions and promises in banks

29. april 2022 at 3:25, pspvek archivovn: 29. april 2022 at 12:44

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The public sale is still only a fraction of what a Tesla entrepreneur owns, together holding about 170 million shares of this company. Despite its current activities, it is still worrying that the world, which has been in the lead since 2008, will be worried that it will not pay attention to it as it has so far. This makes investors nervous. Tesla’s shares have fallen the most since 2020.

Although Elon Musk is the richest man in the world and at first glance, giving him 44 billion dollars (more than a trillion crowns) for socializing with Twitter should not cause any problems, or according to the billion-dollar index. agentury Bloomberg its total name in 252.2 billion dollars (5.8 trillion crowns). The problem, however, is that the knowledge of these assets is limited to Tesla’s shares and Musk cannot get rid of them in large terms.

Save money, foam content

Musk had to do that acquisition of Twitter turn to the banks. The team, which, for example, said that it fulfills the salaries of executives and directors of the company and the overall cost of operating the Internet platform, state anonymous sources for Reuters.

So far, he has secured two loans, one worth $ 13 billion (302 billion crowns) on Twitter shares and the other $ 12.5 billion (290 billion crowns) taken on his shares in his Tesla. The rest of the richest planet should pay him off.

According to sources cited by foreign agencies, when negotiating with the bank was not specific, he set out his vision for the future of the social network and its way to generate profits. The businessman in two tweeted about the idea to cancel the salaries of only the first board, which, according to him, could cause a dispute in the cost of about one million dollars (70 million crowns). As part of his offer to the bank, Musk also mentioned the number of jobs in the company.

The loans correspond to about thirteen times the expected profit of Twitter years, taxes and depreciation for the year 2022.

The entrepreneur also told the bank that he was working to develop functions for the company’s business, including new ways to make money on tweets that contain information or become public, ie mass messages. One of his ideas, for example, is that she would incur charges for a website that quotes pages or quotes tweets from individuals or organizations.

Foreign media also note that it is not even certain whether the transaction will take place at all. He now has no access to internal data on the company’s financial results and does not even know how many Twitter people are actually employed.

An anonymous source for Reuters even said that Musk was preparing a new CEO for Twitter.

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