Elon Musk sells $7 billion worth of Tesla stock: Report
Washington:
Elon Musk sold nearly $7 billion worth of Tesla stock, according to a regulatory filing released Tuesday, amid a bitter legal battle with Twitter over a $44 billion buyback deal.
The Tesla boss sold about 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission website.
“In the (hopefully) case where Twitter forces the deal to close and some of the equity partners don’t go through it, it’s important to avoid an emergency sale of Tesla stock,” said Musk, the richest man. world wrote on Twitter late Tuesday.
Right.
In the (hopefully probable) case that Twitter forces the deal to close *and* some of the equity partners don’t go through, it’s important to avoid an emergency sale of Tesla stock.
– Elon Musk (@elonmusk) August 10, 2022
Twitter is locked in a legal battle with the callous Tesla boss over his attempt to reject a deal to buy the company back in April, and a judge has ordered that a trial begin in October. ten.
Musk filed a protest, accusing Twitter of fraud and accusing the social media platform of misleading him about key aspects of his business before he agreed to a $44 billion buyout.
The move comes after Musk sold about $8.5 billion worth of stock in the electric car maker in April as he prepared to fund the Twitter deal. He tweeted at the time: “No further plans to sell TSLAs after today.”
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