Elon Musk sold around $4 billion worth of Tesla shares as he moved to buy Twitter
NBCMAR 28 2022
Elon Musk Sells $8.5B Tesla Shares Days After Twitter Deal
Image copyright:Â The Associated Press [via The Independent]
The Spin
Narrative A
Good for Musk. He's an extremely successful, innovative businessman who has transformed the automotive industry, reimagined the potential of space travel and is now tackling social media. Why shouldn't he use some of his personal financial success with Tesla, by selling a small part of his stake in the company, to facilitate his next projects?
Narrative B
Musk's takeover of Twitter is a serious cause for concern. He has a history of spreading misinformation and locking out people he disagrees with. Just because Musk runs a successful car company and has the ability to sell off billions in shares doesn't mean he's equipped to take on major social issues like freedom of expression and democracy on one of the most influential platforms in the world.