I would agree that it was stupid for Musk to buy Twitter at any price.
But 44 billion wasn't an unreasonable price at the time the amount was offered, which was immediately prior to the stock market collapse of early 2022. And most of the TSLA stock he sold to acquire Twitter was sold at near to its market peak. Effectively he swapped some overpriced TSLA for some overpriced TWTR.
But 44 billion wasn't an unreasonable price at the time the amount was offered, which was immediately prior to the stock market collapse of early 2022. And most of the TSLA stock he sold to acquire Twitter was sold at near to its market peak. Effectively he swapped some overpriced TSLA for some overpriced TWTR.