Elon Musk sold more than 4.4 million shares of electric car company Tesla earlier this week for just under $4 billion, according to reports.
: “No further TSLA sales planned after today.”’ estimates. His stakes in Tesla and rocket maker SpaceX account for most of his wealth.to sell the company to Musk, wrapping up a dramatic period that began with Musk buying up 9.2% of Twitter and later making an unsolicited bid to purchase the entire social media company at a valuation of $44 billion.
to come up with some cash: The billionaire offered to pay for Twitter using $21 billion in equity financing, in addition to more than $20 billion in loans.
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Musk sells $4 billion in Tesla stock, probably to help finance his Twitter dealElon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter.
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