Twitter's new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings.
since April, including those in Tuesday's filings, likely to fund his share of the Twitter purchase.
Musk acknowledged “a massive drop in revenue” at Twitter, which heavily relies on advertising to make money. “Our fear heading into the final days of the deal was that Musk was going to be forced to sell more Tesla stock to fund the disaster Twitter deal and ultimately those fears came true which speaks to some of the massive selling pressures on the stock of late,” wrote Daniel Ives at Wedbush. “For Musk who multiple times over the past year has said he is ‘done selling Tesla stock’ yet again loses more credibility with investors and his loyalists in a boy who cried wolf moment.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Elon Musk sells Tesla shares worth $3.95 bln days after Twitter dealTesla Inc top boss Elon Musk has sold $3.95 billion worth of shares in the electric-vehicle maker, regulatory filings showed, days after he closed the $44-billion deal for Twitter Inc.
Consulte Mais informação »
Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter dealTesla CEO Elon Musk sold additional shares of his electric car company after closing the $44 billion purchase of Twitter.
Consulte Mais informação »
Elon Musk sells Tesla stock worth nearly $4 billion following Twitter purchaseElon Musk sold nearly $4 billion worth of Tesla stock in the past three trading sessions, launching the sale a week after closing his $44 billion acquisition of Twitter.
Consulte Mais informação »
Elon Musk sold $4 billion worth of Tesla stock following the TwitterGiven Twitter's financials, Musk might have to run the company with his own money till revenues improve. Did he just put some money aside?
Consulte Mais informação »
Elon Musk sells nearly $4 billion in Tesla stock after buying TwitterTwitter's new owner has sold 19.5 million shares — worth about $4 billion — of the electric car company he heads, according to regulatory filings.
Consulte Mais informação »