Elon Musk has sold about 10 million shares in Tesla, of which he is the general manager and co-founder, since Tuesday, following the agreement he reached on Monday for the acquisition of Twitter.
The sale of these shares brought him about $ 8.4 billion, according to data submitted to the US Securities and Exchange Commission, the SEC.
According to these documents, after the sale, it still owns a little more than 162.8 million shares of the electric car company. “No more TSLA sales (the Tesla stock market symbol) after today,” he wrote on Twitter on Thursday.
To fund the $ 44 billion acquisition of Twitter, Elon Musk has pledged $ 21 billion of his personal fortune. The rest of the money will come from borrowing.
Many investors and analysts doubt that this acquisition will take place. The value of the Twitter share remains significantly lower than the amount that Musk proposed to give, ie 54.20 dollars per share. Today, around 17.05, it was hovering at $ 49.80. As for Tesla shares, it lost more than 23% of its value after Musk announced on April 4 the purchase of 9.2% of Twitter. Today, however, it moves upwards and gains + 5.35%.
Source: Capital
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