Elon Musk sells 19.5 million Tesla shares worth $4 billion

Elon Musk, the CEO of Tesla and the new owner of Twitter, sold 19.5 million Tesla shares on Tuesday for roughly $4 billion, according to US securities filings.

The exact worth of the shares is $3.95 billion.

With this most recent sale, Musk has now sold roughly $20 billion worth of Tesla stock. Elon Musk had already said that there will be no further Tesla share sales after doing so in April and August for a total of $15.4 billion.

After taking over Twitter last month, Musk took drastic action, firing half the employees and announcing plans to charge for blue check verification marks.

On April 4, Musk revealed that he was the company’s top stakeholder with a 9.2 percent stake, starting the $44 billion takeover. After stating that he intended to remove spam accounts, his attorneys charged Twitter with failing to provide the information they had requested.

Leave a Reply

Your email address will not be published. Required fields are marked *

Aanvi Kamdar, the travel influencer, smiling in front of a scenic waterfall backdrop.
Latest News

Aanvi Kamdar Tragedy Death at Kumbhe Waterfalls: Travel Influencer

Aanvi Kamdar Date: July 18, 2024Source: NewsNowNation In a heartbreaking incident, popular travel influencer Aanvi Kamdar tragically passed away after falling into a gorge at the Kumbhe waterfalls in Maharashtra’s Raigad district. The unfortunate event occurred on July 17 while she was filming a video at the scenic location. The Incident Aanvi Kamdar, a 26-year-old […]

Read More
Latest

Budget 2024 Income Tax Expectations: Are You Paying Excess Tax?

As we approach Budget 2024, taxpayers eagerly anticipate potential changes to income tax slabs. The current tax regime has remained largely unchanged since 2013, and it’s time to assess whether it adequately reflects the rising cost of living and inflation. Let’s delve into the details and understand why you might be paying excess tax. The […]

Read More
Latest

Managing the Digital Age: The Influence of Social Media on Youth Mental Health

In the modern age of technology, the internet has become an important component of adolescents’ lives. While technology brings solidarity and opportunities for self-expression, it is essential to recognize how it might impact on our state of mind. As a 16-year-old, I’ve seen individually the severely impactful sites like TikTok, Instagram, and Snapchat can be […]

Read More