Elon Musk sold about $7 billion of Tesla stock

According to the latest published information, Elon Musk, the CEO of Tesla, recently bought 7.92 million shares of the electric car manufacturer worth about 6.9 billion dollars. has sold These transactions were made for the sale of Tesla shares between August 5 and 9 (14 to 18 August) and in the midst of a legal battle between Musk and Twitter. They announced the purchase of Twitter

BingMag.com Elon Musk sold about $7 billion of Tesla stock

According to the latest published information, Elon Musk, the CEO of Tesla, recently bought 7.92 million shares of the electric car manufacturer worth about 6.9 billion dollars. has sold These transactions were made for the sale of Tesla shares between August 5 and 9 (14 to 18 August) and in the midst of a legal battle between Musk and Twitter. They announced the purchase of Twitter

This billionaire entrepreneur offered to buy Twitter for $44 billion earlier this year, but when he did not disclose detailed information about the number of bots and fake users from Twitter executives faced it, withdrew its offer, and Twitter hired a legal team called Wachtell to sue Elon Musk to the Delaware Supreme Court for regretting the purchase of this social network.

Apparently, Elon For this reason, Musk sold a part of Tesla shares in order to have enough cash to compensate for the losses if Twitter wins the case of buying this social network. The world's richest man has claimed that Twitter tricked him into signing a $44 billion deal to buy the social media platform and is trying to get out of the deal. On the other side of the matter, Twitter believes that Musk signed a contract to buy this company and uses the non-disclosure of information about bots and fake users as a fake document to get out of this purchase deal.

  • Elon Musk invites Twitter CEO to debate on fake accounts

BingMag.com Elon Musk sold about $7 billion of Tesla stock

After Musk announced the sale of Tesla shares on Twitter, the value of the electric car company's shares fell by about 2% and its price reached about $850. We should also mention that the CEO of Tesla has given away about 32 billion dollars of Tesla shares in the last 10 months. It is expected that the Twitter and Musk court hearings will officially begin if the parties do not reach an agreement by October 17. The shareholders of Twitter are going to discuss the ways of a possible agreement between the two parties in a special meeting on September 13. Finally, we should mention that earlier in April, the CEO of Tesla sold about 9.6 million shares of this company worth 8.5 billion dollars. It remains to be seen where the fate of Elon Musk will reach against Twitter's accusations.

  • Elon Musk denied a secret relationship with the wife of the Google co-founder

Source: Cnet

Leave a Reply

Your email address will not be published.