Elon Musk’s purchase of Twitter for 44 billion dollars continues to be talked about all over the world. The Tesla CEO, who stands out as the richest person in the world, seems to have had to give up his other shares for this purchase. Elon Musk has sold off a significant amount of Tesla shares to cover the $44 billion purchase price.
Elon Musk sold 4 billion dollars of Tesla shares!
Elon Musk sold about $4 billion of the Tesla shares he held. Documents shared by the US Securities and Exchange Commission revealed that Elon Musk sold a total of 4.4 million Tesla shares on Tuesday and Wednesday.
While it was stated that Musk created financing to buy Twitter with this sale, there was no clear statement from the CEO. Musk replied to the news that he sold Tesla shares, “I don’t plan any more TSLA sales after today.”
Musk stated that he could give up $21 billion in assets to help finance the $44 billion deal. After this announcement, investors were worried that Musk might need to sell Tesla shares for financing.
Elon Musk lastly in November and December, $16.4 billion worth of shares He had sold the stock. Tesla shares fell 2.6 percent after the new sales news announced last night. Tesla shares have lost 20 percent in total since Elon Musk’s claims to take Twitter.
So what do you think about Elon Musk selling more Tesla shares? You can share your views with us in the comments section or on the SDN Forum.
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