Musk tweeted yesterday that “after today there are no more plans to sell Tesla shares.” According to reports Thursday and Friday, he sold approximately 9.6 million shares this week, equivalent to 5.6% of his stake in the company.
It’s unclear if all of Musk’s recent sales of Tesla shares were recorded. The company did not immediately respond to a Reuters request for comment.
The sale comes after Musk closed a deal on Monday to buy Twitter for $ 44 billion in cash, putting control of the social media platform used by millions as well as world leaders in the hands of the richest. people in the world. Musk is worth $ 268 billion, according to Forbes magazine.
As part of the deal, Musk promised to pay off the $ 21 billion debt in stock.
It’s unclear how the billionaire will raise the remaining $ 12.5 billion. Musk owns a 43.61% stake in unlisted rocket company SpaceX, valued at $ 100 billion.
Tesla shares rose nearly five percent in early trading today.
Shares fell about 20% after Musk announced on April 4 that he had bought more than 9% of Twitter’s stake.
A knowledgeable source told Reuters that Musk was looking for partners to reduce his contribution to the deal, adding that such a partner would not necessarily appear.
This is the first time Musk has sold shares of Tesla since he sold $ 16.4 billion worth of shares in November and December after voting among Twitter users to sell 10 percent of his stake in the electric car maker. .
Source: Al Akhbar
