Tesla CEO Elon Musk’s road to becoming the owner of Twitter has not been a smooth one. A recent report revealed that another bump in his path has surfaced in the form of a federal investigation into his initial steps towards purchasing the social media company. On the surface, the news might seem like a setback, but a closer look shows it likely isn’t so insurmountable an obstacle for Musk as some may think.
On April 4, Musk filed a disclosure with the SEC, revealing the size of his Twitter holding – but that was more than ten days after his stake exceeded the point when he was supposed to submit the disclosure. Daniel Taylor, a University of Pennsylvania accounting professor, told Wall Street Journal that the Tesla CEO could have saved over $143 million from his tardiness in filing the appropriate documentation because the share price may have been higher if the market were awar...
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