Elon Musk promised Tesla would benefit from his Twitter misadventure. But Wall Street is worried he's using Tesla as his 'personal ATM' to fund his wild plans for Twitter.

Dec 15 2022 by Business Insider

 

Insider

Elon Musk is the CEO of both Twitter and Tesla.

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SEC filings on Wednesday revealed Elon Musk sold $3.6 billion more in Tesla stock. Analysts speculate the proceeds will help cover Twitter's deficits, raising concerns. Dan Ives stated that Musk is 'using Tesla as his own ATM machine' to fund Twitter.

The impact of Elon Musk buying Twitter on Tesla is getting scarier for investors. For the third time, after saying in April that he had "no further TSLA sales planned," filings...

Continue Reading Elon Musk promised Tesla would benefit from his Twitter misadventure. But Wall Street is worried he's using Tesla as his 'personal ATM' to fund his wild plans for Twitter.