Agreeing to buy Twitter, Elon Musk sold some Tesla shares to make up for the missing $44 billion. Musk also announced that as of today, shares will no longer be sold.
Elon Musk, who did not agree to buy the whole of Twitter for 44 billion earlier this week, also created a fear in investors. That fear is part of the money Elon Musk will use to buy Twitter. Selling Tesla stock he was about to get. With this expectation, Tesla shares also saw a great decline.
The US Securities and Exchange Commission (SEC) documents released today proved the expectations true. The published documents are the day after Elon Musk agreed to buy Twitter on Tuesday. sold a huge amount of Tesla shares showed.
Elon Musk sells $4 billion worth of stock
According to the SEC document, Elon Musk sold a total of 4.4 million Tesla shares on Tuesday. This is Elon Musk sold approximately $4 billion worth of shares meant. While the documents did not fully explain why Musk sold the shares, a statement came from Elon Musk upon sharing the documents.
Responding to a comment on Twitter that he sold Tesla shares, Elon Musk said, From today (April 29) any Share sale is not planned. explained. Musk’s statement from today also created different thoughts. Did Musk also sell shares on Wednesday?
Source :
https://techcrunch.com/2022/04/28/musk-sells-nearly-4-billion-worth-of-tesla-shares/