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Tesla CEO Elon Musk sold 7.92 million shares of the car company worth $6.88 billion. This was reported by the BBC, Ukrinform reports. According to documents submitted to
This was reported by the BBC, Ukrinform reports.
According to documents submitted to the US Securities and Exchange Commission, the most recent transactions took place on August 5, 8 and 9.
Following the news of the share sale, Musk responded positively to a tweet asking if he had completed the sale of Tesla stock. The businessman noted that he needed money if he had to buy Twitter.
“It’s important to avoid an emergency sale of Tesla shares,” he added.
As reported by Ukrinform, Twitter Inc. On July 12, the billionaire sued Elon Musk to force him to complete the previously signed deal to buy the social network for $44 billion.
The court must decide whether Musk has sufficient arguments that the social network violated the terms of the agreement so he can reject it. Musk later filed a lawsuit against Twitter Inc.
The trial in the “Twitter v. Musk” case was postponed to October.
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
