Business

Elon sells Tesla shares worth $4 billion, says no more sales planned

Tesla Inc lost ground on Thursday amid investor concerns that Musk may have to sell Tesla shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc.

Reuters

New York: Tesla Inc Chief Executive Officer Elon Musk sold 4.4 million shares of the electric vehicle maker worth $3.99 billion, US securities filings showed on Thursday, in sales likely to help finance his planned purchase of Twitter.

Musk said in a tweet that there are "no further TSLA sales planned after today."

Tesla Inc lost ground on Thursday amid investor concerns that Musk may have to sell Tesla shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc.

Visit news.dtnext.in to explore our interactive epaper!

Download the DT Next app for more exciting features!

Click here for iOS

Click here for Android

Also Read

BJP removes Muruganandam from party posts over harassment complaint from woman functionary

BJP leader Muruganandam rejects charges by female functionary, says AI-generated pics used against him

Dengue claims 9 lives in Tamil Nadu; Minister urges public cooperation

Two held for stealing Rs 10,000 currency-note garland from Vinayagar idol in RK Nagar

TN bypolls 2026: CM Vijay to campaign for 4 days; Stalin, EPS, Seeman also set to hit trail

SCROLL FOR NEXT