Tesla Shares: The world’s richest man and Tesla Chief Elon Musk has sold Tesla shares worth about $ 4 billion. Documents from the US Securities and Exchange Commission have revealed that on Tuesday, Elon Musk sold 19.5 million shares of Tesla worth $3.95 billion.
Elon Musk sells 19.5 million shares of Tesla
According to Reuters, the new owner of Twitter, Elon Musk, has sold 19.5 million shares of Tesla for $3.95 billion. Elon Musk obtained most of the financing for the Twitter deal by selling Tesla shares. According to a Reuters report, Elon Musk’s net worth has also fallen below $ 200 billion as the price of Tesla shares has come down to a 52-week low. Although Musk still remains the richest person in the world.
Information provided in regulatory filings
Elon Musk has made this sale of shares of his electric car company Tesla for the first time since August. This information was given in a regulatory filing on Tuesday, but it does not mention that this transaction was pre-planned. However, investors had already expressed apprehensions that Musk may sell more in the company’s shares.
Elon Musk hinted
By the way, in August also Elon Musk disclosed the sale of Tesla shares. He told a Twitter follower that it was important to avoid an ’emergency sale’ of shares in Tesla if they were forced to complete the process of buying the social media network company and bring in additional equity partners.
Twitter is doing layoffs
Ever since the purchase of Twitter, Elon Musk has been making such decisions which have remained in the news a lot. Recently, he had announced to charge a fee of $ 8 from the blue tick holders of Twitter. Apart from this, he has already ordered about 50 percent layoff in Twitter’s workforce, under which 90 percent of Twitter’s staff in India has been fired.
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