We support our Publishers and Content Creators. You can view this story on their website by CLICKING HERE.

It was reported yesterday that a new filing with the Securities and Exchange Commission shows that Elon Musk has secured $46.5 billion for a possible Twitter purchase.

Former Fox Business host Trish Regan broke down the filing figures in a viral tweet and “translated” what it means:

“BREAKING: Elon Musk has”

“1. $25.5B in financing for Twitter from a group of banks led by Morgan Stanley—includes $12.5B in margin loan against his Tesla shares.”

“2. The rest of the money ($21 B) is coming out of his own pocket. (SEC filing)”

“Translation: THIS GUY IS SERIOUS.”

Triggered liberals descended on the tweet to offer their opinion on the announcement.

One Twitter user lectured, “He has enough money to end world hunger but instead he buys Twitter.”

A supporter of Musk responded that the world’s richest man has “Been through this one.”

They quote tweeted an October 2021 tweet from Musk where he said, “If WFP can describe on this Twitter thread exactly how $6B will solve world hunger, I will sell Tesla stock right now and do it.”

Another left-wing Twitter complained, “Wait, rich people with massive loans can use their leveraged assets as collateral for other massive loans? But poor and middle class people with debts can’t get loans? Does that make any sense? Who is making money here?”

Twitter user Noah Ruderman explained in response, “My guy it’s called an asset backed loan. To get them you need assets. It makes loaning money much safer for lenders.”

On Wednesday, we reported that Regan congratulated Musk on the news that Tesla blew away expectations as the company’s first-quarter earnings report was revealed.

Regan announced, “Breaking: #Tesla is CRUSHING it.”

“The company just reported 1st Q results — profit up 81%. Earnings of $3.22 earnings per share, with revenue of $18.76 billion,” Regan reported.

Regan then declared, “WOW. Way to go, @elonmusk.”

David Caron
Latest posts by David Caron (see all)