OUR Elon Musk sold shares of the group Tesla worth nearly $7 billion, according to a filing with the U.S. Securities and Exchange Commission (SEC) and released today.
In particular, the head of Tesla, who is leading a lawsuit over the acquisition of the social network Twitter, sold approximately 7.9 million shares of Tesla from August 5 to 9.
On his Twitter account, Elon Musk explained that he wanted to “avoid an emergency sale of Tesla securities” in case he was forced to proceed with the acquisition of Twitter and some of his financial partners did not.
In April, Musk signed a $44 billion deal to acquire the popular social media platform, then unilaterally “broke” it in early July.
He believes that Twitter lied about the proportion of fake and spam accounts on the platform, and claims that the social network “deceived” him by deliberately declaring more accounts.
In April, the head of Tesla already sold about $8.5 billion worth of shares in his group to prepare for the acquisition of Twitter.
Source: APE/MEB
Source: Kathimerini
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