Wednesday, November 30, 2022
HomeAutoElon Musk again sold Tesla shares worth Rs 5.5 trillion

Elon Musk again sold Tesla shares worth Rs 5.5 trillion

Ever since billionaire Elon Musk has spoken about a deal with Twitter, he has been in discussion about some statement or news. The deal is still stuck in the balance, on which no decision has been taken. Meanwhile, news has come that Tesla owner Musk has sold a large number of shares of the company. Their value is said to be $ 7 billion i.e. about 5.5 trillion rupees.

Tesla CEO Elon Musk has reportedly sold a large part of the company’s stock. of The Wall Street Journal Report According to reports, Elon Musk has sold 6.9 million shares of Tesla, or about 7 million shares. Musk was Tesla’s largest shareholder, but now has only 15 percent of the shares left in the company. Musk’s deal with Twitter still hangs in the balance.

According to the report, Musk has sold these shares between Friday and Tuesday. The dispute between Musk and micro-blogging site Twitter over the deal has caught the attention of a large number of people. It has blamed Musk for the loss Twitter suffered in the second quarter of the year.

This isn’t the first time Musk has sold Tesla shares. In the past 10 months, billionaire Musk has sold $32 billion worth of shares in EV maker Tesla. In April, Musk sold $8.5 billion worth of shares in the company to finance the deal with Twitter. Before the latest share sale, Musk had said that he would no longer sell shares of Tesla.

Ever since Musk put the deal on hold, there has been tension between social media site Twitter and Musk. Twitter has suffered in the second quarter of 2022. Twitter has blamed Musk for this financial loss. Musk currently owns 9% of Twitter’s shares.

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