In the three days that followed Elon Musk made a deal for buy Twitter, sold nearly $8.5 billion worth of shares in Tesla help finance purchase.
Report the sale to Musk of 9.6 million shares in filings with US Securities and Exchange Commission on Thursday and Friday. trades were made Ranging from $822.68 to $999.13 share.
The world’s richest man who He is the CEO of Tesla tweeted Thursday evening that it has no plans for more sales of company shares.
Kevin Kaiser, Financial Expert professor At the University’s Wharton School of Musk Pennsylvania said share sell means is more The Twitter deal is likely to be closed because it indicates that Musk intends to come up with The money.
Twitter is based in San Francisco announced Monday that he had agreed to be bought by Musk for $54.20 a share, or about $44 billion. Analysts said the deal could make Tesla investors worried that Musk would distract Twitter and reduce Musk’s participation. in running electricity car A company – and it should sell a large number of Tesla shares to finance the acquisition. Musk is the largest shareholder in Tesla.
Tuesday, Tesla shares closed down 12%, the largest one day drop Since September 8, 2020. On Friday, shares of Tesla Corporation, which is headquartered in Austin, Texas, was going for About $884.
The tsar said he sells shares right Now, instead of Closer to the expected time to close the deal, is “wise” move from musk.
It makes sense to sell shares before people They expect this to happen so he doesn’t put his unusual short sale-term downward pressure on The price” of Kaiser said that Tesla stock.
Before the musk deal for Twitter is done, contributors will have to weigh in. The same goes for the organisers in United States and in countries Where is Twitter business.
So far, few obstacles are expected, despite objections from some of Twitter employees and users who Worry about the position of the catch on Freedom of speech and what that might mean for Harassment and hate speech on Platform.
Twitter shares Slightly increased to $49.17, still good below Deal price of $54.20.
