Not to put too fine a point on it, but this is the sort of damage control id expect to see from someone only peripherally aware of or involved in their businesses accountability or strategic operations. This concern from advertisers has existed far too long for an executive action to have any meaning. the marketing conference call on november 3rd was your red flag where advertisers voiced their displeasure with firin…
> At this point its best to hope markets dont start reconsidering your other companies as risky business. I think this is inevitable. One, Elon is trying to prop up Twitter by using SpaceX money to buy ads. He's dipping his hand into other companies to keep his new toy afloat for a while longer. I don't know if the word "contamination" is appropriate here, but it's pretty clear that Elon doesn't see any kind of sharp…
Even without "contamination", TSLA stock price collapsed by over $100+ because Elon Musk predictably sold $Billions of stock to pay for the TWTR buyout. Its not like $33 Billion came out of nowhere. Elon had to sell TSLA to get that money.
If TWTR keeps losing money, Elon will be forced to sell more and more TSLA stock to keep it afloat.
And this is all the legal / ethical way of doing things. No "contamination" in just selling stock to support another. Even then, we can see the huge drop in TSLA stock prices (compared to the rest of the market, which rebounded in the past few weeks on good inflation data).