Elon Musk sells tesla Shares after twitter deal..!?

Elon Musk, who bought shares in twitter last week, has sold his stake in Tesla. Elon Musk, CEO of tesla Inc., has sold about $ 4 billion worth of shares in Tesla. According to the Securities and Exchange filings of the United States, Elon Musk sold 4.4 billion shares of tesla Electronics stock through his charity yesterday. This is about $ 44 trillion worth of shares. Since then, Tesla's shares have fallen 12 percent. After Elon Musk bought twitter shares, its shares were on the rise. Shares of tesla traded lower. tesla plunged 20 percent when it was announced that Elon Musk was to buy Twitter.
Elon Musk is currently required to pay a certain amount of money to twitter based on a contract to buy Twitter. Elon Musk is set to raise $ 21 billion for twitter by selling shares in Telsa. It is noteworthy that Elon Musk has now sold his company shares for the first time since last november and December.
Last week twitter decided to sell its shares to Elon Musk. The cost is $ 44 billion. Elon Musk is set to donate $ 21 billion to twitter through equity finance. In addition, it has been reported that an additional $ 20 billion will be provided through loans.

Elon Musk, the world's richest man, has a net worth of $ 268 billion. tesla has no plans to sell its shares shortly.
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elon musk sells tesla shares

Sowmiya Sriram

29/04/2022 03:37 PM