{"id":1600722,"date":"2022-08-11T09:22:43","date_gmt":"2022-08-11T13:22:43","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1600722"},"modified":"2022-08-11T09:23:01","modified_gmt":"2022-08-11T13:23:01","slug":"analysts-bet-on-twitter-deal-getting-done-after-elon-musk-goes-on-another-tesla-stock-selling-spree","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/analysts-bet-on-twitter-deal-getting-done-after-elon-musk-goes-on-another-tesla-stock-selling-spree\/","title":{"rendered":"Analysts Bet on Twitter Deal Getting Done After Elon Musk Goes on Another Tesla Stock Selling Spree"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">34<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fanalysts-bet-on-twitter-deal-getting-done-after-elon-musk-goes-on-another-tesla-stock-selling-spree%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1600722&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><a href=\"https:\/\/www.theepochtimes.com\/t-elon-musk\">Elon Musk<\/a> on Tuesday disclosed in six filings that he sold $6.85 billion worth of Tesla, Inc. shares on Aug. 5. He later took to <a href=\"https:\/\/www.theepochtimes.com\/t-twitter\">Twitter<\/a> to clarify that the disposals were a preemptive move to mobilize funds to finance a \u201chopefully unlikely\u201d Twitter, Inc. <a href=\"https:\/\/www.theepochtimes.com\/t-deal\">deal<\/a>, if it is enforced and some equity partners don\u2019t come through.<\/p>\n<p>\u201cIt is important to avoid an emergency sale of the Tesla stock,\u201d he added.<\/p>\n<p>Analysts, however, had a different take on it.<\/p>\n<h2>Elon Wants It: Black<\/h2>\n<p>At this point it is clear that Musk wants to buy Twitter and that both parties are willing to settle for a lower price, rather than going through the tedium of a trial, Future Fund founder Gary Black said on Twitter.<\/p>\n<p>Black is in the camp of those who are opposed to Musk taking Twitter private.<\/p>\n<p>A poll Black ran on Tuesday ahead of the disclosure of Musk\u2019s stock sale overwhelmingly returned the response that renegotiating a lower price is the most likely outcome of the deal. He suggested a likely cut back to $50\u2013$51 per share<\/p>\n<p>Black is a Tesla bull and his firm\u2019s flagship fund The Future Fund Active ETF has Tesla as its top holding.<\/p>\n<h2>Chances of Twitter Deal More Likely: Dan Ives<\/h2>\n<p>Although Musk said in late April he is done with his Tesla stock sale, the situation has changed dramatically, heading into a Delaware Court trial scheduled for\u00a0October, Wedbush analyst Daniel Ives said.<\/p>\n<p>The Street believes that the odds are stacked against Musk winning the legal fight, the analyst said.<\/p>\n<p>Given the higher chances of the Twitter deal going through, the analyst raised his fair value estimate for Twitter shares from $30 to $50.<\/p>\n<p>\u201cWe can also see Musk trying to resolve this powder keg situation before the Twitter deal officially heads to court in October,\u201d the analyst said.<\/p>\n<p>At a minimum, Twitter will get a massive settlement in the $5 billion to $10 billion range that is starting to be factored into the stock, he added.<\/p>\n<p>Ives sees the following scenarios likely playing out:<\/p>\n<p>Deal terminated and Musk pays a $1 billion breakup fee<\/p>\n<p>\u201cSpecific performance\u201d upheld by the court, forcing Musk to buy Twitter at $54.20\/share<\/p>\n<p>Musk having to settle or pay significant damages to Twitter, likely ranging from $5 billion to $10<\/p>\n<p>Musk winning in Delaware and paying no breakup fee<\/p>\n<p>Ives has a Neutral rating on Twitter shares.<\/p>\n<p>In premarket trading Wednesday, Tesla stock was soaring 3.06 percent to $876, according to Benzinga Pro data.<\/p>\n<p><em>By Shanthi Rexaline<\/em><\/p>\n<p><em>\u00a9 2022 The Epoch Times. The Epoch Times does not provide investment advice. All rights reserved.<\/em><\/p>\n<div class=\"author_wrapper\">\n<div class=\"one_author_block round\">\n<div class=\"top_row\">\n\t\t\t\t\t<a href=\"https:\/\/www.theepochtimes.com\/author-benzinga\"><\/a><\/p>\n<p>Follow<\/p>\n<\/div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Elon Musk on Tuesday disclosed in six filings that he sold $6.85 billion worth of Tesla, Inc. shares on Aug. 5. He later took to Twitter to clarify that the<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1600722","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1600722","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1600722"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1600722\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1600722"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1600722"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1600722"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}