BusinessElon Musk sells Tesla shares again after buying Twitter

    Elon Musk sells Tesla shares again after buying Twitter

    Entrepreneur Elon Musk has sold almost 22 million shares of Tesla worth more than 3.5 billion dollars during this week, according to documents made public and collected by the newspaper The Wall Street Journal.

    This is the second time that Musk has divested of a considerable number of shares. of your company since you bought Twitter at the end of October for 44,000 million dollars.

    In November, it was revealed that the also founder of SpaceX had sold 19.5 million shares of Tesla for a value of 3,950 million dollars.

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    These sales by the CEO of the electric vehicle company have had a negative effect on stock pricewhich has fallen more than 50% in 2022.

    Some analysts had predicted that Musk would be forced to sell some of his shares in Tesla to finance the operation of Twitterwhich according to the businessman himself is losing 4 million dollars a day.

    Almost the entirety of Musk’s immense fortune, which until the acquisition of the social network was over 200,000 million dollars, is invested in the shares of the automaker.

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    Source: La Opinion

    This post is posted by Awutar staff members. Awutar is a global multimedia website. Our Email: [email protected]


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