Billionaire ElonMusk sells $7 billion in Tesla stock, gearing up for Twitter battle
In April, the Tesla CEO said he had no plans of selling any more Tesla stock after selling about $4 billion worth, yet six Securities and Exchange Commission filings reveal that Musk sold 7,924,107 more shares between Aug. 5 and 9 for $6.9 billion.
Tesla investor Sawyer Merritt tweeted at Musk late Tuesday asking if the tech mogul was in fact done selling.WOUNDED DEMOCRATS WORRY FBI RAID ’STRENGTHENS’ GOP FIGHT AGAINST ‘CORRUPT GOVERNMENT’ “Yes,” Musk replied. “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.”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.As part of his $44 billion bid to take over Twitter, the Tesla CEO requested information regarding the number of spam bots on the social media platform.
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