Elon Musk has sold four billion dollars worth of shares in carmaker Tesla, about a week after he bought the social network Twitter for $44 billion, AFP reports.
The three transactions cover a total of more than 19 million shares, just over 4% of Musk’s total ownership and 0.6% of total shares outstanding. The Tesla chief has already sold $15.5 billion worth of stock to partially fund the takeover of the microblogging platform, including $27 billion in cash.
Elon Musk’s first decisions after completing his $44 billion takeover of Twitter were to lay off half of his staff and announce that account authentication, which used to be free, would now require an $8 monthly fee.
Source: Agerpres
Source: Hot News RO
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