Elon musk

Entrepreneur Elon Musk recently sold $4 billion worth of Tesla stock, the AP reports , citing regulatory filings .

The sales came after the tycoon reached an agreement on Monday to buy Twitter for $44 billion.

The shares were sold in recent days at prices ranging from $872.02 to $999.13. Most of the sales took place this Tuesday.
For his part, Musk indicated that he does not plan any other sale of shares of the company . “No further Tesla sales are expected after today,” the tycoon wrote on his Twitter account on Friday.

With this sale of Tesla securities, Musk is probably looking for a way to help finance his purchase of Twitter, the agency notes.

This Monday, Musk reached an agreement with Twitter to take full control of the social network for 44,000 million dollars. The billionaire has secured $25.5 billion of “fully committed debt and margin loan financing” and is providing a capital commitment of approximately $21 billion .

The transaction, which has been unanimously approved by Twitter’s board of directors, is expected to close in 2022, subject to approval by Twitter shareholders, receipt of applicable regulatory approvals and satisfaction of other conditions. usual closing.