Elon Musk , Sells $6.88 Billion , in Tesla Shares.
NBC reports that Elon Musk
has sold 7.92 million shares of Tesla
for an estimated $6.88 billion. .
NBC reports that Elon Musk
has sold 7.92 million shares of Tesla
for an estimated $6.88 billion. .
The transactions were revealed
through a series of financial
filings published August 9.
According to SEC filings, Musk sold the shares
shortly after Tesla's 2022 annual shareholders
meeting on August 4 in Austin, Texas.
The decision to sell those stocks comes
amid a contentious legal battle over his
$44 billion bid to purchase Twitter.
The decision to sell those stocks comes
amid a contentious legal battle over his
$44 billion bid to purchase Twitter.
In July, Musk terminated the deal, accusing Twitter
of failing to provide information and understating
the number of bots on the social media platform.
In July, Musk terminated the deal, accusing Twitter
of failing to provide information and understating
the number of bots on the social media platform.
In response, Twitter has sued
Musk to complete the deal
for the promised $44 billion. .
In response, Twitter has sued
Musk to complete the deal
for the promised $44 billion. .
According to NBC, this would
represent a windfall for many
of Twitter's shareholders.
According to NBC, this would
represent a windfall for many
of Twitter's shareholders.
Musk reportedly said that he would purchase
some of his Tesla shares back if he
doesn't have to complete the Twitter deal.
Musk reportedly said that he would purchase
some of his Tesla shares back if he
doesn't have to complete the Twitter deal.
NBC reports that Musk has also suggested
that he is considering launching his
own social platform, X.com.
NBC reports that Musk has also suggested
that he is considering launching his
own social platform, X.com.
Following news of Musk shedding
Tesla stock, shares in the company closed
at $850, down over 2% for the day. .
Following news of Musk shedding
Tesla stock, shares in the company closed
at $850, down over 2% for the day.