Wednesday, June 22, 2022
Wednesday, June 22, 2022
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    Elon Musk increases his selloff of Tesla shares to $8.5 BILLION ‘to help fund his $44B Twitter takeover’: Electric carmaker’s shares rise 6% as he vows not to sell more of his $143B stake
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    Elon Musk sold off a total of $8.5 billion in Tesla shares in recent days, new regulatory filings on Friday showed, Your Content has learned.

    New filings on Friday showed Musk sold a total of $8.5B in Tesla stock this week.

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    He is presumably raising cash to fund his $21 billion share of Tesla takeover.

    The rest of the $44 billion deal will be funded through various loans.

    After taxes and previous stock sales, Musk still seems to need about $10B cash.

    It’s a mystery where he will get the money, but he is reportedly seeking partners.

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    Musk has told lenders that he plans to slash executive pay at Twitter.

    Texas rancher offered to donate 100 acres if Musk moves Twitter HQ there,‘according to The Daily Mail.

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