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Home Economy

Elon Musk sold $8.5 billion worth of Tesla stock before buying Twitter

by Ursula Curtis
May 2, 2022
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One of the news that rocks the internet is the purchase of social network Twitter by Elon Musk. A lot of ink has already been published on this topic and a lot has been written, but the news still arrives.

Thus, it is now known that Musk sold $8.5 billion of Tesla stock before buying the Bluebird social network.


Musk sold 8.5 billion shares of Tesla before buying Twitter

According to information released by ReutersTesla CEO Elon Musk sold $8.5 billion worth of stock in the electric car company before buying Twitter. This data is contained in documents related to securities in the United States of America, and everything indicates that the sale was intended to help acquire the social platform that was purchased. worth 44 billion dollars.

Last Thursday, the CEO stated in a tweet that he wouldn't "More TSLA sales planned for todayIn the week just ended, Elon Musk sold about 9.6 million shares, according to filings on Thursday and Friday, which equates to 5.6% of his stake in the electric company.

However, it remains unclear whether all the recent sell-offs of Tesla shares owned by the CEO have been reported. Reuters has submitted a request for clarification but has yet to receive a response.

Details also indicate that this is the first Tesla stock sale by Elon Musk after selling 16.4 billion shares in November and December. this happened After the executive questioned users on Twitter Whether or not to sell 10% of its shares in the car manufacturer.

The current owner of Twitter was also recently revealed Want to charge basic functions on the social network. And to better know what our readers think, we have our weekly question where we want you to let us know if you're concerned about this acquisition. sharing here.

Ursula Curtis

“Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast.”

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Ursula Curtis

Ursula Curtis

"Writer. Analyst. Avid travel maven. Devoted twitter guru. Unapologetic pop culture expert. General zombie enthusiast."

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