Elon Musk disposes of over 19M Tesla shares a week after Twitter deal

Tesla chief Elon Musk has sold nearly $4 billion worth of shares in the electric car company more than a week after he closed his $44 billion acquisition of Twitter.

Musk took control of Twitter and fired its top executives in late October, after a drawn-out back-and-forth between the world’s richest person and the influential social media company. After Musk sought to terminate the sale, Twitter filed a lawsuit to hold the entrepreneur to the agreement. With a trial looming, he revived his takeover plan.On Friday, Twitter sacked half of its 7,500-strong staff as its new owner launched an overhaul of the company.

The move would help overcome a potential loss of advertisers, Twitter’s main source of revenue, after many top brands put their ad buys on hold, uneasy about Musk’s well-known disdain for content controls.

He is going all out for Twitter

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Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter dealTesla CEO Elon Musk sold additional shares of his electric car company after closing the $44 billion purchase of Twitter. Take his pulse 🤌🏽 More to come…he always sells at the top. tradertvshawn Seems TSLA will drop to 160 level
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Elon Musk offloads another $3.9 billion in Tesla sharesHis Twitter acquisition puts pressure on Tesla shareholders He’d hold on if he thought it was going up anytime soon. He’s gonna be a millionaire! When Twitter Fall happens elonmusk
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