Just a thought here…. Elon was quietly buying Twitter stock for awhile and now owns 9% of the company. Meanwhile the price has nearly doubled since March. Even if he was fined $1B for backing out of the deal, couldn’t he have made four times that much from the rise in price due to his “decision” to buy the company? 9% of $45B could be an easy $3-4B if he could liquidate it at a decent price.
I don't trust Elon at all, and often wonder to myself what else might be the real motivating factor here. One thing is for sure, Elon would never do or say something to manipulate the value of a stock.
lol
But then again, if he did back out, I don't think he would be aloud to sell all of his stock at once. He would probably only be aloud to sell X amount per quarter or whatever rule(s) apply to such things. And the stock would likely will have dropped back to whatever it was selling at by the time he could sell his.