Elon Musk may be using the proceeds of a $3.6bn sale of his Tesla shares to fund Twitter, analysts have said, as shareholders of the electric car maker have made their frustrations clear. 🔴 lauriehavelock
, which took place between Monday and Wednesday, totalled 22 million shares in Tesla, according to documents filed with the US Securities and Exchange Commission .
“I think when someone indicates that they are going to do something or not, and the opposite occurs, that raises questions about what’s changed and what has motivated that change,” said Scott Kessler, lead technology, media and telecoms analyst at Third Bridge. It came after the US Federal Reserve upped the central interest rate to 4.4 per cent and warned of further hikes, even as its economists said they would slow the rate of interest rate rises.cutting its global workforce of 7,500At the time, he tweeted that the job losses were necessary as “unfortunately there is no choice when the company is losing over $4m/day”.
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