Elon Musk Sold Nearly $7 Billion Tesla Shares, Cashing In After the Stock Rebounded

Summary by Ground News

Elon Musk sold nearly 8 million shares of Tesla stock in recent days and raised $6.9 billion in cash. The timing of his transactions suggests he also cashed out right after Tesla stock surged to a three-month high. Musk is in a legal battle with Twitter over a $44 billion takeover.

2 months ago

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NY Daily News

Elon Musk sells nearly 8 million Tesla shares amid ongoing Twitter bot drama

Tesla CEO Elon Musk has unloaded another 7.9 million shares of his electric car company for $6.88 billion, indicating that he is still hustling to raise money for his $44 billion Twitter takeover despite the ongoing bot drama.

2 months ago·New York, United States

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The Daily Caller

Elon Musk Sells Billions In Tesla Stock To Subsidize Potential Twitter Purchase

Elon Musk, CEO of Tesla, recently sold $6.9 billion worth of Tesla stocks in order to fund a potential purchase of Twitter, after an April promise to not sell.

2 months ago·Washington, United States

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Business Insider

Twitter climbs as investors eye increased likelihood Elon Musk closes his deal to buy the social media company after selling $7 billion in Tesla stock

"Twitter's board is holding Musk's feet to the fire to finish the deal at the agreed upon price," Wedbush analyst Dan Ives said.

2 months ago·United States

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Japan Today

Elon Musk sells nearly $7 billion worth of Tesla shares

Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal. The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange…

2 months ago·Sakado, Japan

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Forbes

Elon Musk Dumps $6.88 Billion In Tesla Stock

Elon Musk has sold almost $7 billion worth of Tesla stock in recent days, despite announcing in April he had no further sales planned.

2 months ago·United States

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WND

Musk sells billions in Tesla stock amid Twitter uncertainty

Elon Musk (Video screenshot)By John Hugh DeMastri Daily Caller News FoundationElon Musk, chief executive officer of Tesla, recently sold $6.9 billion in Tesla stock to fund a potential purchase of Twitter, the Wall Street Journal reported.Musk initially sold shares in Tesla valued at $8.5 billion in April in order to acquire the resources to purchase Twitter, and in the past year has sold $32 billion of shares, according to the Wall Street Journ…

2 months ago·Medford, United States

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