Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter deal

Elon Musk sold $3.95 billion worth of shares successful his electrical car institution Tesla aft closing his $44 cardinal acquisition of Twitter.

According to filings with the Securities and Exchange Commission, Musk sold 19.5 cardinal shares of Tesla.

In summation to pouring billions of his ain superior into taking Twitter private, Musk relied connected partners including equity investors Binance, Ron Baron's BAMCO, Andreessen Horowitz, Twitter's erstwhile CEO Jack Dorsey and Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia, to concern the deal, oregon to rotation their existing shares into his holding institution for Twitter.

On August 9, 2022, Musk told fans helium was done selling shares to money a imaginable Twitter take-private deal. He wrote, successful a tweet, "In the (hopefully unlikely) lawsuit that Twitter forces this woody to adjacent *and* immoderate equity partners don't travel through, it is important to debar an exigency merchantability of Tesla stock."

At the time, Musk was inactive battling Twitter successful tribunal to effort to get retired of the woody -- which helium projected and agreed to successful April.

Since helium has taken implicit Twitter, Musk has pulled dozens of Tesla engineers successful to assistance him astatine Twitter with codification reappraisal and different work.

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