Musk Sells $3.95 Billion Of Tesla Shares After Twitter Takeover

FILE - Elon Musk, Tesla CEO, attends the opening of the Tesla factory Berlin Brandenburg in Gruenheide, Germany, March 22, 2022. Tesla CEO Elon Musk has proposed a peace plan for Ukraine that would involve holding repeat votes under the U.N. auspices in Russia-occupied regions, triggering a showdown with Ukrainian Twitter users who have rejected his proposals in a stream of furious comments. (Patrick Pleul/Pool via AP, File)

At a glance

  • The first time was last April when the Tesla CEO sold $8.5 billion of stock after he signed a deal to buy Twitter for $44 million.
  • In August, Musk agreed with a Twitter user that he was “done selling” after offloading more than $6.9 billion in Tesla shares after attempting to withdraw from the agreement to buy Twitter ahead of the prospect of a legal battle that ended after he completed the takeover last month.
  • 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 at the time.

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