Elon Musk sells 19.5 million Tesla shares worth almost $4 billion
TechCrunchMAR 17 2023
The Spin
Narrative A
While Musk has the ability to turn Twitter into a profitable company, it may come at the expense of his other ventures, as this purchase is shaping out to be an unnecessary distraction. For example, Tesla's best engineers were relocated to Twitter to assess the state of the social media code while the company faces criticism over its "full self-driving" mode. Musk has seemingly over-exhausted his resources.
Narrative B
Twitter has always been an imperfect business, and Musk doesn't intend to develop it into a better business, only to ensure the social media platform's existence. Owning Twitter is all about influence: It allows Musk to control its data, expand his reach beyond his fanbase, and affect the flow of information within the platform.