Musk Sells $4Bn in Tesla Stock After Twitter Deal

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Musk Sells $4Bn in Tesla Stock After Twitter Deal

By sweN TR

Musk Sells $4BN in Tesla Stock after Twitter Deal

Elon Musk has reportedly sold a huge sum of stock from his electric vehicle giant – apparently to seal his $44 billion deal to buy Twitter.

The world’s richest man offloaded 4.4 million shares, United States securities filings show, roughly 2.6% of his stake at the company.

Musk later tweeted that no further Tesla sales were planned. Following the announcement of Musk’s Twitter buyout, Tesla’s stock dropped more than 12% – its biggest single-day fall in almost two years.

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Musk Sells $4Bn in Tesla Stock After Twitter Deal

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Musk Sells $4Bn in Tesla Stock After Twitter Deal

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