10-07-2022, 11:42 AM
This leaves him open to lawsuits when he backs out.
Because the offer was unconditional and not subject to due diligence, Musk legally cannot back out without serious amounts of compensation.
He rash move and imprudent offer invited
a lot of trouble for himself. Tesla stock is down a lot from the peak and to Twitter at the high price he offered he needs to move a big stake to use as margin collateral to raise funds.
Because the offer was unconditional and not subject to due diligence, Musk legally cannot back out without serious amounts of compensation.
He rash move and imprudent offer invited
a lot of trouble for himself. Tesla stock is down a lot from the peak and to Twitter at the high price he offered he needs to move a big stake to use as margin collateral to raise funds.
