Image Credit -Google
Elon Musk sells $3.95 billion worth of Tesla stock
By- Avnish kushwaha
Image Credit -Google
Twitter's new owner
and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings.
By- Avnish kushwaha
Image Credit -Google
Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8
By- Avnish kushwaha
Image Credit -Google
THe sold $7 billion of his Tesla stock in August as he worked to finance the Twitter purchase he was trying to get out of at the time
By- Avnish kushwaha
Image Credit -Google
Musk has sold more than $19 billion worth of Tesla stock since April
By- Avnish kushwaha
Image Credit -Google
His personal net worth dropped below $200 billion, according to Forbes, but he is still the
world's richest person.
By- Avnish kushwaha
Image Credit -Google
Musk had lined up banks including Morgan Stanley to help finance the Twitter deal.
By- Avnish kushwaha
Image Credit -Google
His original share of the deal was about $15.5 billion, Wedbush Analyst Dan Ives estimated
By- Avnish kushwaha
Image Credit -Google
Musk would be on the hook to replace them or throw in more of his own money.
By- Avnish kushwaha
Image Credit -Google
Tesla's shares closed down $5.78, or 2.9%, at $191.30. The stock has lost 52% of its value since the start of this year
By- Avnish kushwaha