He's in so much trouble with the twitter lawsuit and his stupid idea of buying it at an inflated rate (because 420 is funny) and wave due diligence, that it would be beyond reckless for him to buy Man U. He needs all the cash he can get in case the Delaware court forces him to spend $44billion to buy twitter.
Twitters current market cap has dived to $33 billion and none of the banks that Musk had arranged to back him buying it before want to touch it with a ten foot pole now that all this shark has happened. He's going to have to raise money at really unafordable terms and load twitter with debt and he's going to have to make up the shortfall by liquidating Tesla stock (which he has been doing, despite promising to never sell Tesla stock a few years back).
Twitters current market cap has dived to $33 billion and none of the banks that Musk had arranged to back him buying it before want to touch it with a ten foot pole now that all this shark has happened. He's going to have to raise money at really unafordable terms and load twitter with debt and he's going to have to make up the shortfall by liquidating Tesla stock (which he has been doing, despite promising to never sell Tesla stock a few years back).
