Musk sold Tesla shares for almost seven billion dollars

Tesla founder Elon Musk sold 7.9 million shares of the company worth $6.88 billion, according to filings with the US Securities and Exchange Commission (SEC).

According to those filings, the sell-off took place on Friday, when Tesla shares fell 6.6%, Monday, when they rose modestly, by 0.8%, and Tuesday, when they fell again in prices — by 2.4%. Earlier, Musk had already sold $4 billion worth of Tesla shares after concluding an agreement to buy the social network Twitter, announcing that he would not sell shares in the car company in the future. He needed the free money to finance part of the purchase.

In April, Musk offered $44 billion for Twitter but then demanded to verify the company’s data that the number of fake accounts used, including spamming, does not exceed 5%. Later, Musk informed Twitter about the rejection of the purchase of the social network, explaining this by exercising his right to terminate the agreement. According to Musk, the social network underestimated the number of false accounts and also did not provide the necessary information. The social network filed a lawsuit against the businessman in the Delaware state court.

Related Posts

Apple Watch saved a person’s life

A resident of Norfolk, a 54-year-old British man, had 138 cardiac arrests in just 48 hours! After a few months of use, the Apple Watch he was…

Variety magazine named the highest paid actors of 2022

Tom Cruise topped the rating of the highest-paid actors in Hollywood, according to the American magazine Variety. For the main role in Joseph Kosinski’s action movie “Top…

Musk denied rumors of an affair with the wife of Google co-founder Brin

Elon Musk, an American businessman, refuted The Wall Street Journal’s assertion that he had an affair with Sergey Brin’s wife. On July 25, Musk said on Twitter,…

Elon Musk promised “extreme” requirements for the work of Twitter employees

SpaceX and Tesla founder Elon Musk has warned that after he buys Twitter, the requirements for the service will increase. This was reported by the media with…

Elon Musk says every minute he thinks makes Tesla $1 million

Due to his work at Tesla and aerospace transportation startup SpaceX, the entrepreneur also confessed that he was “on the borderline of lunacy.” Elon Musk claims that…

Tim Cook once again condemned antitrust regulation

Apple CEO Tim Cook has slammed antitrust laws in the US and Europe, which are attempting to force the business to allow mobile apps to be downloaded…

Leave a Reply

Your email address will not be published.