Large $TWTR SHs who roll their public shares into private shares (e.g. Saudi Prince Alwaleed $1.9B) reduces pressure on Elon to invest own equity. Also, outside investors (Larry Ellison, Sequoia) have committed $7.1B new equity. Elon so far using new equity to reduce margin loan.

— Gary Black (@garyblack00) May 5, 2022