Musk sells $4 billion in Tesla shares

Friday, 29 April 2022newsdesk

Elon Musk has sold 4.4 million shares of Tesla stock worth roughly $4 billion, most likely to help fund his purchase of Twitter.

New Delhi, 29 April 2022

As per news report of The Indian Express, Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday. The shares were sold over the past few days, at prices ranging from $872.02 to $999.13. The world’s richest man, who is the CEO of Tesla, tweeted that he doesn’t plan any further sales of the company’s shares. Most of the sales took place on Tuesday, when Tesla shares closed down 12%, a huge single-day drop.

Source -The Indian Express