Elon Musk has sold $6.9 billion of stock (about 7.92 million shares) in Tesla Inc., the billionaire’s biggest sale on record, saying he wanted to avoid a last-minute selloff of the company’s shares in the event he is forced to go ahead with his aborted deal to buy Twitter Inc.
Musk says he wants to avert an emergency sale of stock in case he is compelled to complete the $44 billion takeover of Twitter, which he walked away from last month.
In the wake of his initial offer to buy Twitter, Elon disposed $8.5 billion of stock in Tesla.
See Also:
