Elon Musk sells at least $3.95 billion worth of Tesla shares
Tesla CEO Elon Musk sold additional shares of his electric car company after closing a $44 billion purchase of Twitter.
Musk closed the deal on October 28, 2022 with equity and debt financing from a wide range of friends and institutions.In this articleAn image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022.
On August 9, 2022, Musk told fans he was done selling shares to fund a possible Twitter take-private deal. He wrote, in a tweet, "In the 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." At the time, Musk was still battling Twitter in court to try to get out of the deal -- which he proposed and agreed to in April.
Since he has taken over Twitter, Musk has pulled dozens of Tesla engineers in to assist him at Twitter with code review and other work.
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