Musk sells Tesla shares worth $6.9 bln, cites chance of forced Twitter deal

Posted on AllSides August 10th, 2022
From The Center

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.

"In the (hopefully unlikely) 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," he said in a tweet late on Tuesday.

Shares of the microblogging site rose 3.5% to $44.35 in premarket trading,...

Read full story

Reuters

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
108348/84992
See full bias rating for Reuters
Learn about media bias
https://www.reuters.com/business/autos-transportation/elon-musk-sells-792-million-tesla-shares-worth-69-billion-sec-filing-2022-08-10/

More News about Business from the Left, Center and Right

From the Left

From the Center

From the Right