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

India's east coast braces for Cyclone Murasu; downpour disrupts flights, thousands move to safety

Rs 5 crore bribe claim: DMK seeks DVAC case on TN Minister Rajmohan

Don’t spread unverified information about Cyclone Murasu, says TNSDMA

Theni jailbreak: CM Vijay constitutes high-level committee to probe security lapses

Rs 100 crore private schools case: CCB gets DMK leader Anbil Mahesh in custody for interrogation

SCROLL FOR NEXT