Published 2 years ago

Elon Musk Sells $7B in Tesla Stock Amid Twitter Takeover Dispute

Summary by Ground News

Elon Musk has sold nearly $7 billion (about R282 billion) worth of Tesla shares. The move comes amid a high-stakes legal battle with Twitter over a $44 billion buyout deal. The move is also the first sale of Tesla shares by Musk since April, when he sold around $8.5 billion worth of Tesla shares.

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Times of India

Elon Musk sells $6.9 billion of Tesla shares, first since April

Musk last month said hes terminating his $44 billion agreement to acquire Twitter and take it private, saying the company has made “misleading representations” over the number of spam bots on the service. Twitter has since sued to force Musk to consummate the deal, and a trial in the Delaware Chancery Court has been set for October.

2 years ago·India

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BBC News

Elon Musk sells $6.9bn of Tesla shares as Twitter lawsuit looms

The world's richest man says he needs the money in case he is forced to buy Twitter for $44bn.

2 years ago·United Kingdom

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News18 India

Elon Musk Sells Tesla Shares Worth $6.88 Billion

Tesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion

2 years ago·India

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The Guardian

Elon Musk sells Tesla shares worth $6.9bn as Twitter trial looms

Tesla CEO admits he could need the funds if he loses a legal battle with Twitter and is forced to buy the social media platform

2 years ago·London, United Kingdom

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CTV News

Elon Musk sells Tesla shares worth US$6.9 billion

Tesla Inc Chief Executive Officer Elon Musk sold US$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.

2 years ago·Canada

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