Elon Musk sold Tesla shares for about $ 7 billion ,
Elon Musk
Details
KYIV. UkraineGate. 10 . August .2022 l World News.
Tesla founder and CEO Elon Musk has sold about 7.9 million shares of the electric car manufacturer worth approximately $ 7 billion.
The shares were sold from August 5 to August 9. He said he needs money in case he has to buy Twitter for $44 billion.
A few months ago, the billionaire announced that he did not plan to sell the company’s shares additionally. To his Twitter followers, Musk replied that he wanted to prevent an emergency sale of shares if he was forced to complete the social media takeover, which he turned down in July.
He also said he would buy back Tesla shares if the Twitter purchase didn’t happen.
Previously
As revealed, Musk said Twitter Inc.’s planned $44 billion takeover should continue if the company can confirm some details about how it determines whether user accounts are “spambots” or real people.
Supplement
In late April, Musk struck a deal to buy Twitter Inc for $44 billion. The billionaire later threatened to abandon his deal with the company because of “resisting and undermining” his right to information about fake accounts on the platform, calling it a “clear substantial breach” of the contract.
In July, Twitter Inc. sued Elon Musk for violating a deal to buy the social media platform and asked a Delaware court to order the billionaire to complete the merger at an agreed price of $54.20 per share on Twitter. The lawsuit between Elon Musk and Twitter began on July 19.
SOURCE: UKRGATE
