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According to a Reuters calculation, Musk had roughly $20 billion in cash after selling a portion of his ownership in Tesla and would have needed to raise an extra $2 billion Elon Musk has sold almost $4bn worth of his shares in electric vehicle maker Tesla after he completed his $44bn purchase of social media platform Twitter, according to a In the days following Elon Musk's $44 billion purchase of Twitter, the billionaire sold almost $4 billion in Tesla stock. Musk sold a total of 19.5 million shares Soon after the deal was announced, he disclosed he had sold $8.5 billion worth of Tesla shares, a move seen as a first step to raise the cash he would need to Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion (€3.7 billion), most likely to help fund his purchase of Twitter. Musk reported the sale in a filing Elon Musk sold roughly $4 billion worth of Tesla shares in the days following his bid to take Twitter private, according to filings with the Securities and Exchange Commission. Tesla CEO Elon Musk sold $3.95 billion worth of shares in the electric car company within the last week, following his recent purchase of Twitter, The Associated Press

Elon Musk Sold $4B Tesla Shares Following Twitter Purchase: What You Need to Know

Did Elon Musk sell Tesla shares after buying Twitter? The answer is yes. In the days following Elon Musk's $44 billion purchase of Twitter, the billionaire sold almost $4 billion in Tesla stock. This move raised questions about how he financed the deal and its potential impact on Tesla's stock price.

The Tesla Share Sale: Key Details

According to a Securities and Exchange Commission (SEC) filing and reports from The Associated Press, Elon Musk sold roughly $4 billion worth of Tesla shares in the days following his bid to take Twitter private. Specifically, Elon Musk has sold almost $4bn worth of his shares in electric vehicle maker Tesla after he completed his $44bn purchase of social media platform Twitter, according to a new report.

  • Amount Sold: Approximately $4 billion (€3.7 billion) worth of Tesla stock.
  • Number of Shares: Musk sold a total of 19.5 million shares.
  • Timing: The sales occurred shortly after the Twitter acquisition was finalized.

Why Did Elon Musk Sell Tesla Stock?

The primary reason for selling the Tesla shares appears to be to help fund the Twitter purchase. Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion (€3.7 billion), most likely to help fund his purchase of Twitter. Musk reported the sale in a filing. Soon after the deal was announced, he disclosed he had sold $8.5 billion worth of Tesla shares, a move seen as a first step to raise the cash he would need to close the Twitter acquisition.

How Much Cash Did Musk Have After the Sale?

After selling a portion of his ownership in Tesla, Elon Musk had substantial cash reserves. According to a Reuters calculation, Musk had roughly $20 billion in cash after selling a portion of his ownership in Tesla and would have needed to raise an extra $2 billion to fully finance the Twitter takeover.

Impact on Tesla and Twitter

The sale of Tesla shares has had ripple effects in the financial markets. The market is closely watching both Tesla's stock performance and the changes happening at Twitter under Musk's leadership. Tesla CEO Elon Musk sold $3.95 billion worth of shares in the electric car company within the last week, following his recent purchase of Twitter.

Stay tuned for further updates on this developing story as it unfolds.

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