Elon Musk dumps $8.5 Billion shares of Tesla for Twitter
Elon Musk sells stocks of Tesla worth $8.5 billion ahead of the takeover of Twitter. Elon Musk is a co-founder and leads Tesla, SpaceX, Neuralink, and The Boring Company. He has no further plans to sell TSLA shares in the future.
Chief Executive officer of Tesla Elon Musk has sold the stock of Tesla worth $8.5 Billion after overtaking Twitter. It is projected that he seeks help from the shares of TSLA for occupying Twitter as an owner. He likely aimed at helping finance his planned purchase of Twitter. Although, he sold $9.6 Billion shares in TSLA this week.
This much bigger slump attracts netizens as well as the shareholders in Tesla. Even they have asked the question about this from Musk. Musk has tweeted that "no further TSLA sales planned after today”. This selling of $9.6 bill...