Elon Musk only sold Tesla stock because it was 'desperately needed' for the Twitter deal - and says he doesn't know his net worth
Elon Musk said he sold Tesla stock only because it was"desperately needed" to complete his Twitter deal - and claimed that he doesn't know his net worth, in an impromptu"I sold a lot of Tesla stock to close this deal. I did not want to sell the Tesla stock," Musk told BBC correspondent James Clayton at Twitter's headquarters.
"People couldn't parse the difference between 'I'm selling Tesla stock because I've lost faith in Tesla,' which I haven't, or that it's desperately needed for Twitter," he said. stock last year, largely to finance his $44 billion Twitter purchase. He said that there are only"brief windows" where he can sell his Tesla stock, adding that such sales are often wrongly perceived as him lacking confidence in his electric-vehicle company. Tesla shares sank 65% in 2022, but have rallied 52% to $187 this year. They still trade well below their peak price of over $400 in November 2021.When he was directly asked how much he is worth, the Tesla, Twitter, and SpaceX CEO replied:"I don't know.
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