“In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,' Musk tweeted.
Shares of Tesla rose almost 2% before the opening bell Wednesday. Shares of Twitter Inc., up 16% in the past month with most believing Musk faces long-shot odds of success in court, jumped another 3%.Twitter last week, accusing the company of fraud over his aborted $44 billion acquisition. He claimed that Twitter held back critical information and misled his team about the size of its user base.
Musk offered to buy Twitter earlier this year, then tried to back out of the deal claiming the social platform was infested with a larger numbers of “spam bots” and fake accounts than Twitter had disclosed.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk sells $7 billion in Tesla stock, gearing up for Twitter battleTesla CEO Elon Musk has given himself some financial cushion by selling nearly $7 billion in Tesla stock.
Read more »
Elon Musk sells nearly $7B in Tesla shares as Twitter legal battle rages onElon musk has sold nearly $7 billion worth of Tesla shares, months after saying he was done with his selling spree following his $44 billion bid to buy Twitter.
Read more »
Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial loomingIn April Musk said he had no further Tesla sales 'planned.'
Read more »
Elon Musk's empire: Tesla, SpaceX and possibly TwitterElon Musk shoots for the moon with a diversified portfolio of companies ranging from Tesla to SpaceX, and he's adding to his empire. Musk is the richest person in the world.
Read more »
Tesla's Elon Musk Countersues Twitter Over $44 Billion DealTwitter sued Musk to try to force him to follow through with the deal. Musk wants more time, and hopes to prove Twitter wasn't transparent with its disclosures.
Read more »
Elon Musk Shares Meme About Twitter Takeover, on Twitter, as Social Network Prepares to Sue | CoinMarketCapReports suggest Twitter's hired Wachtell, Lipton, Rosen & Katz to handle this upcoming legal battle — and early this week, a lawsuit will be filed with the Delaware Court of Chancery.
Read more »