Elon Musk never falls off the agenda. Tesla and SpaceX CEO finally came to the agenda with the offer to buy Twitter and later on giving up on this request. Musk, who made an offer of approximately $ 44 billion to buy Twitter, left a question mark in mind with the Tesla shares he sold, although he gave up on the purchase decision.
Elon Musk sells $6.5 billion worth of Tesla shares
It turned out that Tesla CEO Elon Musk sold 7.7 million Tesla shares (TSLA) worth approximately $ 6.5 billion. According to the statement made by Tesla, Musk is selling 3 million 273 thousand 270 TSLA shares on Friday, August 5th. Afterwards, it is stated that 1 million 470 thousand 481 shares were sold on Monday and 3 million 21 thousand 586 shares were sold on Tuesday.
Elon Musk stated that he was “the last person to sell Tesla shares” in 2010, when Tesla went public. However, the successful businessman could not keep his word in the intervening years. Musk, who made sales to reduce the tax burden on him, also sold his 10 percent stake in Tesla after conducting a Twitter survey.
Stating that he will not sell Tesla shares again after this sale in December, Musk could not keep his word again. Just a few months after this promise, Musk made sales of $ 3 billion, and then made another $ 8 billion due to the equity he needed to show to buy Twitter.
Despite all these sales, Elon Musk still holds 155 million 39 thousand 144 shares of TSLA. The value of all these shares is 131.7 billion dollars. The CEO of Tesla and SpaceX announced that he made the last share sale “in order not to sell Tesla shares urgently in case Twitter forces the purchase agreement.” With this explanation, it is possible to say that the Twitter file is not completely closed.
The CEO stated that he has once again concluded the sale of shares. Musk also stated that he will buy the shares he sold again if the Twitter deal does not happen. Let’s see if Elon Musk, who has said that he has stopped selling Tesla shares many times, can keep his word this time.
So what do you think about Elon Musk’s sale of Tesla shares? You can share your views with us in the comments section.
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