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Elon Musk sells more Tesla shares worth $6.9bn over Twitter deal

Musk had said in April he would not sell any more of the company’s stocks

Vishwam Sankaran
Wednesday 10 August 2022 16:00 BST
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Tesla chief Elon Musk has sold 7.92 million shares of the company worth about $6.9bn, regulatory filings have revealed.

Responding to a tweet asking if the shares were sold, the multi-billionaire replied “yes”, adding that the money may be needed in the event he was ordered to close his deal to buy Twitter for $44bn.

“In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” the multibillionaire tweeted.

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