Elon Musk Sells $7 Billion Tesla Shares

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Tesla announced that Elon Musk has sold $ 6.9 billion worth of Tesla shares. This statement aroused curiosity at the first stage. Because Elon Musk recently said that he does not have a ‘sale’ plan. So why did Musk choose to sell off billions of dollars of shares?

One of the important representatives of the electric car world Teslamade a remarkable statement. In this statement, company CEO Elon Musk has said in the past few days. approximately $6.9 billion It was announced that he had sold Tesla shares worth $. At the first stage, the reason for this sale was not understood. Because Elon Musk said in a statement in April that he does not plan to sell Tesla shares. It seems that Musk’s plans have changed. OK, why?

According to the statements made by Tesla, the richest person in the world, 7 million 924 thousand 107 lots of shares have been sold. Of these sales, 3.2 million lots were made on August 5, 1.5 million lots on August 8, and 3 million lots on August 9. However, Musk still owns a large number of Tesla shares. In the hands of billionaire businessman $131.7 billion He owns Tesla stock.

Why did Elon Musk do such a thing?

Elon Musk’s stock sale was lit after a few hours of curious waiting. Elon Musk, who shares on Twitter, made this sale why did you do it explained. “To avoid an emergency divestment of Tesla shares should Twitter force the buyout dealExplaining that he did such a thing, Musk said that his relationship with Twitter according to the course of the case He said he could buy Tesla shares again.

Elon Musk’s post on Twitter

Source :
https://electrek.co/2022/08/09/elon-musk-sells-massive-6-5-billion-chunk-of-tesla-tsla-stake/


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