Elon Musk sold billions of shares

Elon Musk, the richest man in the world and the founder of Tesla Company, has sold shares of his company worth 6.9 billion dollars.

According to international media reports, Elon Musk’s sale of Tesla shares has been revealed in the SEC filings report, which has also been confirmed by Elon Musk. According to the report, Elon Musk sold $6.9 billion worth of shares between August 5 and 9, due to his potential Twitter deal.

Tesla sold shares so that the funds could be used to finance a potential Twitter deal if it loses a legal battle with social media platform Twitter.

In his statement on the micro-blogging website Twitter, the richest man in the world said that it is expected that this will not happen, but if Twitter was forced to complete the deal and some partners did not come forward, in this situation Tesla shares may have to be sold in an emergency, the shares have been sold at this time to avoid such a situation.

Also Read: Elon Musk Calls Twitter Management Cheaters

Note that Elon Musk had announced to buy the micro-blogging platform for $44 billion, but later backed out of his deal to buy Twitter, after which Twitter sued him to complete the deal. had approached the court for The trial filed by Twitter is scheduled to begin on October 17.

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