THE Elon Musk sold shares of Tesla height $ 4.4 billion after the agreement on acquisition of Twitteraccording to data from US Securities and Exchange Commission (SEC).
The sale of the shares took place on Tuesday and Wednesday, while at the same time the share of the electric vehicle company fell by 12%. The quirky billionaire was limited to one “tweet” in which he wrote: “No other TSLA sales are planned for today.”
This large share sale was part of Mask’s plan to acquire the popular social media Twitter, against $ 44 billion.
According to data from the Hellenic Capital Market Commission, Musk, who owned 15% of Tesla, sold the shares at fluctuating prices. from $ 870 to $ 1,000 each.
Analysts estimate Musk’s focus on Twitter and recent Tesla stock sales do not foretell good manta rays for the electric vehicle company.
THE “Dive” 12% on Tuesdayconstitutes the biggest drop in Tesla shares from September 2020.
In case Musk does behind it super deal with Twitter will be called upon to pay as compensation $ 1 billion.
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