Published 1 year ago

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.

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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.

1 year 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.

1 year ago·Washington, United States

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Benzinga

Analysts Bet on Twitter Deal Getting Done After Elon Musk Goes on Another Tesla Stock Selling Spree

Elon Musk on Tuesday disclosed in six filings that he sold $6.85 billion worth of Tesla, Inc. shares ...

1 year ago·New York, 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.

1 year 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…

1 year ago·Sakado, Japan

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