Elon Musk Sells $6.9 Billion Worth Of Tesla Stock
By Conway Crew
August 10, 2022
Elon Musk sold off billions in Tesla stock this week, in preparation for his upcoming Twitter trial.
- SEC filings reveal that Musk sold nearly 8 million shares worth $6.9 billion over the last three days. He's sold off more than $32 billion in Tesla stock since last November.
- Musk says the sale was to load up on cash in case he's forced to go through with his proposed $44 billion acquisition of Twitter.
- What happens if Musk has to buy Twitter? What impact will this move have on Tesla?
Elon Musk has sold millions Tesla shares in recent days, raising $6.9 billion, to prepare for the possibility he might be forced to buy Twitter, a company he no longer wants. https://t.co/G1lQ5dHXNm
— The Washington Post (@washingtonpost) August 10, 2022