Tesla CEO Elon Musk quietly sold $ 6.9 billion worth of Tesla stock , grant to a new SEC filing , despite saying as late as April that he had no plan to sell any more . The stock sales event comes as the billionaire continues to fight with Twitter in courtyard over his attack to back out of purchasing the social media company for $ 44 billion .
Musk , who sign up an agreement to purchase Twitter back in April before trying to obliterate the deal , arrogate he sell the stock in the “ improbable ” event he ’s forced to buy Twitter . And he made the title on Twitter , fittingly enough .
“ In the ( hopefully unlikely ) issue that Twitter squeeze this bargain to close * and * some fairness spouse do n’t number through , it is of import to forefend an emergency sale of Tesla blood line , ” Musk tweeted onTuesday night .
A tweet Elon Musk sent in June of 2013 that Tesla shareholders may find interesting here in 2022.Screenshot: Twitter
Musk sold roughly 7.92 million shares of Tesla from Aug. 5 until Aug. 9 for a lofty sum of $ 6.9 billion , fit in to the SEC filings , which means Musk likely has about 155 million shares left , harmonise to a account fromReuters .
Musk sold about 9.6 million shares for around $ 8.5 billion back in April , and say he was n’t going to trade anymore . Previously , Musk sell $ 5 billion shares of Tesla inNovember of 2021 , when the bloodline was near an all - time high school of $ 1,243 per share .
It surely is a singular concurrence that Musk happened to deal just as Tesla ’s blood was recover from a brutal downswing , hitting a first gear of $ 620 per share back in late May and bouncing to $ 925 per plowshare just before Musk sell his most recent good deal .
But it ’s no wonder Musk might be trying to get his ducks in a row before a judgement come down on his possible leverage of Twitter . The company absolutely obliterated Musk ’s excuse for attempt to back out of the deal in a recent127 - Sir Frederick Handley Page court filingin Delaware made public last week .
Musk has tried to debate he does n’t want to buy the company anymore because there are too many bots , but he never nurture that issue with Twitter before he endeavor to bolt down the bargain . To make thing even more interesting , Musk forgo due diligence before he match to the tremendous price tatter — a physical process that would ’ve allowed him to deal a fortune of inquiry on the inner working of the company before he signed on the dotted line .
the great unwashed on Twitter were spry to point out a 9 - class - old tweet from Musk after news of his latest sales agreement hit the wire .
“ Forgot to say one matter at Tesla yearly shareholders coming together : just as my money was the first in , it will be the last out , ” Musk twinge inJune of 2013 .
With hindsight , it ’s a good jest , though Tesla share holders believably do n’t think it ’s so rum . They are , after all , the punchline in all of this .
Will Musk prove to betray more shares of Tesla in the approximate future ? The Tesla CEO sound out on Twitter that this is the last of it . Not only , that Musk claims he ’ll buy more Tesla stock if the deal with Twitter does n’t happen . But we know incisively how much we can swear Musk ’s word .
Daily Newsletter
Get the best technical school , science , and culture news in your inbox day by day .
News from the future , delivered to your nowadays .
You May Also Like
