Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter deal

Tesla CEO Elon Musk sold additional shares of his electric car company after closing a $44 billion purchase of Twitter.

Musk closed the deal on October 28, 2022 with equity and debt financing from a wide range of friends and institutions.In this articleAn image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022.

On August 9, 2022, Musk told fans he was done selling shares to fund a possible Twitter take-private deal. He wrote, in a tweet, "In the event that Twitter forces this deal to close *and* some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock." At the time, Musk was still battling Twitter in court to try to get out of the deal -- which he proposed and agreed to in April.

Since he has taken over Twitter, Musk has pulled dozens of Tesla engineers in to assist him at Twitter with code review and other work.

Lmao

tradertvshawn Seems TSLA will drop to 160 level

More to come…he always sells at the top.

Take his pulse 🤌🏽

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk faces Tesla trouble with 40,000 vehicles recalled as stocks dipMarket experts have suggested Musk's new position at Twitter may also have played a role in the share price drop. It’s not a recall, but an over the air software update General Motors recall 2022: 484K SUVs Entire market is slumping. Do better journalism now tell us how many other vehicle brands have been recalled.
Source: Newsweek - 🏆 468. / 52 Read more »

Twitter suspends Kathy Griffin’s account for impersonating Elon MuskGriffin, 62, appeared to be in violation of a company policy against impersonation. Savage. So awesome. Karma. Smh And h3h3productions
Source: nypost - 🏆 91. / 67 Read more »