Elon Musk Sells $7bn Worth Of Tesla Shares

calls
Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published on Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.

The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission’s website.

READ ALSO: Elon Musk Secretly Welcomes Twins With Employee

“In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk, the world’s richest man wrote on Twitter late Tuesday.

READ ALSO: Elon Musk Tops Bloomberg’s World 100 Billionaires List As Dangote Moves Up In Ranking (See The Full List)

Twitter is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from the April agreement to buy the company, and a judge has ordered that a trial will begin in October.

Elon Musk

Trending video of the day;

Photo Credit: Getty

Leave a Reply