Writy.
  • Home
  • Business
  • Entertainment
  • Finance
  • Politics
  • Sports
  • Tech
  • World
  • Shop
No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Finance
  • Politics
  • Sports
  • Tech
  • World
  • Shop
No Result
View All Result
Writy.
No Result
View All Result
Musk Sells $3.95 Billion of Tesla Stock After Buying Twitter

Musk Sells $3.95 Billion of Tesla Stock After Buying Twitter

Pamela James by Pamela James
November 9, 2022
in Finance
0
Share on FacebookShare on Twitter

You might also like

What will the Fed and Jerome Powell do next week?

What will the Fed and Jerome Powell do next week?

January 28, 2023
Why This May Be A ‘Life Changing’ Market Rally; Apple, Fed Meeting Loom As Tesla Run Hits 75%

Why This May Be A ‘Life Changing’ Market Rally; Apple, Fed Meeting Loom As Tesla Run Hits 75%

January 27, 2023

(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk sold at least $3.95 billion of the electric-vehicle maker’s shares just days after closing his buyout of Twitter Inc.

Most Read from Bloomberg

Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August. The filings didn’t indicate that the transactions were pre-planned.

Musk, the world’s richest person, said in August he was done offloading Tesla stock. He told a Twitter follower it was important to avoid an “emergency sale” of Tesla shares in case he was forced to close the acquisition of the social-media network and struggle to bring in additional equity partners.

Still, some had speculated that the billionaire would sell more stock to shore up the deal. He’s unloaded about $36 billion worth of shares in the past year — around half of that since he went public with his Twitter buyout plan, according to data compiled by Bloomberg.

(Adds context from second paragraph)

Most Read from Bloomberg Businessweek

©2022 Bloomberg L.P.

Pamela James

Pamela James

Related Stories

What will the Fed and Jerome Powell do next week?

What will the Fed and Jerome Powell do next week?

by Pamela James
January 28, 2023
0

Jittery U.S. investors are still in “bad news is good news” mode because they want to see interest rates decline....

Why This May Be A ‘Life Changing’ Market Rally; Apple, Fed Meeting Loom As Tesla Run Hits 75%

Why This May Be A ‘Life Changing’ Market Rally; Apple, Fed Meeting Loom As Tesla Run Hits 75%

by Pamela James
January 27, 2023
0

Dow Jones futures will open Sunday evening, along with S&P 500 futures and Nasdaq futures. X The stock market rally...

Tesla, ARKK rally as 2021 energy returns to 2023 stock market

Tesla, ARKK rally as 2021 energy returns to 2023 stock market

by Pamela James
January 27, 2023
0

A market rally on Friday accentuated by rips higher in some battered and bruised technology stocks that faltered last year...

Apple Stock Climbs Wall Of Worry Ahead Of Earnings Report

Apple Stock Climbs Wall Of Worry Ahead Of Earnings Report

by Pamela James
January 27, 2023
0

Consumer electronics giant Apple (AAPL) faces numerous concerns ahead of its December-quarter earnings release next week. But Apple stock has...

Next Post
Chris Evans Net Worth 2022: Captain America, Marvel, Knives Out Salaries

Chris Evans Net Worth 2022: Captain America, Marvel, Knives Out Salaries

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Contact Us
  • Privacy Policy

© 2022 | Multiplexnews.net

No Result
View All Result
  • Home
  • Business
  • Entertainment
  • Finance
  • Politics
  • Sports
  • Tech
  • World
  • Shop

© 2022 | Multiplexnews.net