Elon Musk Sells About $4 Billion in Tesla Stock After Agreeing to Buy Twitter

Posted on AllSides April 29th, 2022
From The Center

Elon Musk sold roughly $4 billion worth of Tesla Inc. stock in the two days after agreeing to buy Twitter Inc. for $44 billion, according to regulatory filings made public late Thursday.

The Tesla chief executive reported selling a total of more than 4.4 million shares on Tuesday and Wednesday at prices between around $870 and $1,000 a share, the filings show.

Mr. Musk is Tesla’s largest shareholder and owned roughly 17% of the electric-vehicle maker, or more than 172 million shares, before this week’s sales, according to FactSet.

He is on the hook to come up with $21...

Read full story
Some content from this outlet may be limited or behind a paywall.

Wall Street Journal (News)

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
See full bias rating for Wall Street Journal (News)
Learn about media bias

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right