According to documents released by the US Securities and Exchange Commission (SEC), the billionaire sold more than 4.4 million Tesla shares between Tuesday and Wednesday at prices ranging from $ 870 to $ 1,000 per share. The transaction took place in days after Twitter’s board of directors accepted his offer to buy
Billionaire Elon Musk, Tesla’s chief executive, sold about $ 4 billion in shares in electric vehicle company Tesla in the two days after Twitter’s board of directors accepted his takeover offer. According to documents released yesterday by the US Securities and Exchange Commission (SEC), Musk sold more than 4.4 million Tesla shares between Tuesday and Wednesday this week at prices ranging from $ 870 to $ 1,000 per share.
No other sales are planned
Musk’s sales coincided with a sharp decline in the value of Tesla stock, of which the CEO owned about 17% before the week began. “There are no more Tesla stock sales after today,” the billionaire wrote on his Twitter account yesterday when the figures were released. Musk, the richest man in the world according to Forbes’ list, succeeded on Monday. in its bid to take over the social network Twitter, which it called “people’s digital place,” after the company accepted its $ 44 billion purchase offer. The Tesla owner, who owns more than 9% of the Twitter shares, on April 14, launched a “best and most definitive” takeover offer of $ 54.20 per share, which is what it will ultimately pay off.
Source-tg24.sky.it