Elon Musk exercises final batch of Tesla stock options behind CEO’s recent share
3 years ago

Elon Musk exercises final batch of Tesla stock options behind CEO’s recent share

Live Mint  

The billionaire has now exercised more than 22 million options that were due to expire in August 2022 Elon Musk has exercised the final batch of a package of vested Tesla Inc. stock options that have underpinned several weeks of share dealings by the chief executive. Mr. Musk on Tuesday converted more than 1.5 million options due to expire in August 2022 into stock and sold more than 934,000 shares to cover associated taxes, according to regulatory filings. After setting the investment plan, Mr. Musk last month polled Twitter users about whether he should sell 10% of his Tesla stock; people on the social-media platform that voted endorsed the idea of a sale. Mr. Musk, who is compensated by Tesla in stock awards and doesn’t accept a cash salary from the company, last week said on Twitter that “there are still a few tranches left, but almost done."

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History of this topic

Tesla CEO Elon Musk donates shares worth $100 million to charities
4 days, 19 hours ago

Tesla CEO Elon Musk donates shares worth $100 million to charities

Live Mint  

Tesla CEO Elon Musk donated 268,000 Tesla shares to undisclosed charities shortly before the new year, as per regulatory filing. In 2022, he donated Tesla shares worth $1.95 billion, and in 2021, he contributed approximately $5.74 billion to the Musk Foundation, his nonprofit organization. According to the filing with the Securities and Exchange Commission, the shares were donated as part …

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’
1 month ago

Elon Musk’s $56 billion Tesla pay package struck down again, Delaware Judge says board ‘improperly influenced…’

Live Mint  

A US district judge has rejected Tesla chief Elon Musk's extravagant $56 billion pay package for a second time, according to a Bloomberg report. It added that Delaware Chancery Court Judge Kathaleen St. J. McCormick made the ruling on December 2, making it the second time that she has ruled against the same excessive pay package for Musk. Musk’s record-setting …

What is next for Musk after judge rules against him in Tesla pay case?
1 month ago

What is next for Musk after judge rules against him in Tesla pay case?

Live Mint  

By Tom Hals WILMINGTON, Delaware, - Tesla cannot give Elon Musk a $56 billion compensation package despite a vote in support of the CEO's pay deal by the company's shareholders, a Delaware judge ruled on Monday. TESLA COULD PEAL THE RULING Musk and Tesla's board could appeal and try to reverse the ruling at the Delaware Supreme Court, a process …

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
1 month, 1 week ago

Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again

CNN  

CNN — Elon Musk’s record-breaking pay package for serving as Tesla’s CEO was rejected by a Delaware court, despite being approved by Tesla shareholders at a June meeting. The pay package, now worth around $101 billion based on Tesla’s closing share price Monday, is made up of 303 million Tesla stock options. At the time, McCormick ruled in favor of …

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
1 month, 4 weeks ago

Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why

Firstpost  

In the trading days since the 2024 US Presidential election, Tesla stocks, all together, surged past 40 per cent, adding more than $300 billion in market capitalisation An unstoppable rally is seen in Tesla stocks as investors continue to bet big after Donald Trump wins the 2024 US Presidential election as they feel it would bring windfalls to the Elon …

Elon Musk’s net worth tops $300 billion in wake of Trump victory
2 months ago

Elon Musk’s net worth tops $300 billion in wake of Trump victory

Deccan Chronicle  

Elon Musk’s net worth has surpassed $300 billion for the first time in almost three years, as shares of Tesla Inc. soar on bets that his close ties with President-elect Donald Trump will bolster the company.Musk has added more to his personal fortune since Trump’s win than anyone else tracked by the Bloomberg Billionaires Index. Trump also voiced support for …

Elon Musk's Tesla hits $1 trillion market value after Trump win
2 months ago

Elon Musk's Tesla hits $1 trillion market value after Trump win

India Today  

Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favourable treatment under President-elect Donald Trump for his extensive support during the poll campaign. "Tesla and CEO Elon Musk are perhaps the biggest winners from the election result, and we believe Trump's victory will help expedite …

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval
6 months, 3 weeks ago

Elon Musk To Get Back His Big, $44.9 Billion Tesla Pay Package, Shareholders Give Approval

News 18  

Tesla shareholders voted on Thursday to restore CEO Elon Musk’s record USD 44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the world’s largest electric vehicle maker. Early Friday, Tesla disclosed that shareholders voted for Musk’s pay package by 1,760,780,650 to 528,908,419, with about …

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote
6 months, 3 weeks ago

Elon Musk Wins Back His $44.9 Billion Tesla Pay Package In Shareholder Vote

News 18  

Tesla shareholders voted Thursday to restore CEO Elon Musk’s record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. Vote totals on Musk’s pay weren’t immediately announced, but the company said shareholders voted for Musk’s compensation plan, which initially was …

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote
6 months, 3 weeks ago

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote

NPR  

Elon Musk wins back his $44.9 billion Tesla pay package in shareholder vote toggle caption Ebrahim Noroozi/AP DETROIT — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.9 billion pay package that was thrown out by a Delaware judge earlier this year, sending a strong vote of confidence in his leadership of the electric vehicle maker. Vote totals …

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people
8 months, 3 weeks ago

Tesla shares drop below $150, wiping out a year’s gains — three days days after Musk sacked 14k people

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. The price cuts caused used electric vehicle values …

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla
8 months, 3 weeks ago

‘There is nothing I hate more, but it must be done’: Elon Musk to cut 14,000 jobs from Tesla

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Electric vehicle powerhouse Tesla …

A court rejected Elon Musk’s $55.8B pay package. What is he worth to Tesla?
11 months, 1 week ago

A court rejected Elon Musk’s $55.8B pay package. What is he worth to Tesla?

Associated Press  

Even when compared with other CEOs, who routinely get paid roughly 200 times more than their typical employees, Elon Musk’s pay package was eye-opening. A judge in Delaware on Tuesday struck down the package that Tesla established for Musk in 2018, ruling that the process was “flawed” and the price “unfair.” Chancellor Kathaleen St. Jude McCormick called the package “the …

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge
11 months, 1 week ago

Tesla $56bn payout that made Elon Musk one of the richest was illegal, not fair to shareholders, rules judge

Firstpost  

A judge in Delaware, US has invalidated the $55.8 billion pay package granted to Elon Musk by Tesla in 2018. Judge Kathaleen McCormick ruled that the approval of the pay package by the Tesla board was “deeply flawed.” Elon Musk, Tesla’s CEO and a major shareholder took to his platform X to express his disappointment in the judgement, advising against …

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges
1 year, 7 months ago

Elon Musk Teases New Tesla Products While Warning About Near-Term Economic Challenges

Live Mint  

Elon Musk teased two new Tesla models while forecasting a challenging year ahead for the carmaker as higher interest rates pinch buyers. Mr. Musk didn’t provide details about the two new products, though said Tesla could produce more than five million units a year of the two models combined. Mr. Musk, who previously said the hire from NBCUniversal would allow …

Elon Musk nears world’s richest title again
1 year, 10 months ago

Elon Musk nears world’s richest title again

Deccan Chronicle  

Elon Musk is closing in on recapturing his title as the world’s richest person since falling behind Bernard Arnault in December, thanks to Tesla Inc.’s 74% rise this year. It may take a bit longer for Musk to overtake the French luxury-goods titan, though, after disclosing this week he gave 11.6 million Tesla shares to unnamed charitable causes between August …

Thanks to Tesla rise, Musk nears world’s richest title again
1 year, 10 months ago

Thanks to Tesla rise, Musk nears world’s richest title again

Live Mint  

Elon Musk is closing in on recapturing his title as the world’s richest person since falling behind Bernard Arnault in December, thanks to Tesla Inc.’s 70% rise this year. It may take a bit longer for Musk to overtake the French luxury-goods titan, though, after disclosing this week he gave 11.6 million Tesla shares to unnamed charitable causes between August …

Elon Musk Says Last Three Months Extremely Tough, Had To Save Twitter From Bankruptcy
1 year, 11 months ago

Elon Musk Says Last Three Months Extremely Tough, Had To Save Twitter From Bankruptcy

ABP News  

Elon Musk, chief executive officer of Twitter and Tesla, has said that the past three months have been "extremely tough" as he "had to save Twitter from bankruptcy" while also fulfilling his duties in Tesla and SpaceX. According to the report, Musk tweeted, "Last 3 months were extremely tough, as had to save Twitter from bankruptcy, while fulfilling essential Tesla …

Elon Musk dumped billions in Tesla stock while company kept investors in the dark: WSJ
1 year, 11 months ago

Elon Musk dumped billions in Tesla stock while company kept investors in the dark: WSJ

Raw Story  

Lost among all the attention paid to Elon Musk at the end of the year over his purchase and dismantling of the leadership of Twitter, was the implications over his sale of billions in Tesla stock which has some investment watchdogs questioning the timing. The report notes that the controversial Musk sold off almost $3.6 billion of the stock in …

Opening statements begin in Elon Musk Tesla tweets trial
1 year, 11 months ago

Opening statements begin in Elon Musk Tesla tweets trial

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Opening statements begin Wednesday …

Elon Musk's Next Drama: A Trial Over His Tweets About Tesla
1 year, 11 months ago

Elon Musk's Next Drama: A Trial Over His Tweets About Tesla

Huff Post  

LOADING ERROR LOADING SAN FRANCISCO — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Musk’s tweets back then fueled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he didn’t have the funding …

Elon Musk’s next drama: a trial over his tweets about Tesla
1 year, 11 months ago

Elon Musk’s next drama: a trial over his tweets about Tesla

Associated Press  

SAN FRANCISCO — While still grappling with the fallout from a company he did take private, beleaguered billionaire Elon Musk is now facing a trial over a company he didn’t. Musk’s tweets back then fueled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he didn’t have the funding for a buyout …

Elon Musk’s next drama: A trial over his tweets on Tesla
1 year, 11 months ago

Elon Musk’s next drama: A trial over his tweets on Tesla

Al Jazeera  

Trial on Tesla boss Musk’s old tweets that he had raised money to take the auto firm private is set to start on Tuesday. Musk’s tweets back then fuelled a rally in Tesla’s stock price that abruptly ended a week later, after it became apparent that he did not have the funding for a buyout after all. Chen dealt Musk …

Musk tells Tesla workers not to be 'bothered by stock market' after shares fall
2 years ago

Musk tells Tesla workers not to be 'bothered by stock market' after shares fall

Hindustan Times  

Tesla Inc Chief Executive Elon Musk told employees that they should not be "bothered by stock market craziness" after the company's shares fell nearly 70% this year on jitters over softening demand for electric vehicles and Musk's distraction with running Twitter. Musk tells Tesla workers not to be 'bothered by stock market' after shares fall In an email sent to …

Tesla stock continues to crater as Elon Musk goes further down Twitter rabbit hole
2 years ago

Tesla stock continues to crater as Elon Musk goes further down Twitter rabbit hole

The Independent  

Sign up to our free weekly IndyTech newsletter delivered straight to your inbox Sign up to our free IndyTech newsletter Sign up to our free IndyTech newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares in Tesla plunged by more than 8 per cent in early trading …

Elon Musk tells investors he’ll pause on Tesla stock sales
2 years ago

Elon Musk tells investors he’ll pause on Tesla stock sales

Associated Press  

CEO Elon Musk says he won’t sell any more shares in Tesla for 18 months or more, likely an attempt to comfort shareholders of the electric vehicle company who have watched the stock lose nearly half of its value since Musk’s purchase of Twitter went through in October. Musk then said he wouldn’t sell Tesla shares for two years, but …

Elon Musk says he will not sell more Tesla stock for about two years
2 years ago

Elon Musk says he will not sell more Tesla stock for about two years

Hindustan Times  

Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about two years. Elon Musk While speaking in a Twitter Spaces audio chat, Musk said he foresees the economy will be in a "serious recession" in 2023 and demand for big-ticket items will be lower. His comments came after a Tesla stock …

Elon Musk says ‘will not sell’ more Tesla stock for another 2 years
2 years ago

Elon Musk says ‘will not sell’ more Tesla stock for another 2 years

Live Mint  

Tesla Chief Executive Officer Elon Musk said on Thursday said that he will not sell any more Tesla shares for about two years. Recently a Bloomberg report stated that Musk's net worth tumbled $7.7 billion on Tuesday after Tesla Inc. shares had their steepest one-day loss since October. Prior to that, on 9 December, he had sold 19.5 million shares …

Elon Musk’s team seeks new funding for Twitter, says potential investor
2 years ago

Elon Musk’s team seeks new funding for Twitter, says potential investor

The Hindu  

Elon Musk’s team has reached out to investors to raise new funds for his struggling social media platform Twitter, one of the investors said. Jared Birchall, the managing director of Elon Musk's family office reached out to potential investors this week, news platform Semafor reported on Friday, citing two people familiar with the fundraising effort. Twitter has seen advertisers flee …

Tesla closes up despite Musk selling $3.58B of its shares
2 years ago

Tesla closes up despite Musk selling $3.58B of its shares

Associated Press  

AUSTIN, Texas — Shares of Tesla rose slightly Thursday despite news that CEO Elon Musk sold another $3.58 billion worth of the electric vehicle maker’s stock this week. Musk, the new owner of Twitter, sold the Tesla shares from Monday through Wednesday, according to a filing posted Wednesday night with the U.S. Securities and Exchange Commission. Musk has sold nearly …

Tesla stock slips as Musk sells another $3.58B of its shares
2 years ago

Tesla stock slips as Musk sells another $3.58B of its shares

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Shares of Tesla are sliding …

Elon Musk sold more than $3.5 billion worth of Tesla shares
2 years ago

Elon Musk sold more than $3.5 billion worth of Tesla shares

Live Mint  

Elon Musk sold more than $3.5 billion worth of Tesla Inc. stock this week in his second round of sales since buying Twitter Inc. Mr. Musk sold nearly 22 million Tesla shares over a three-day period ending Dec. 14, according to a regulatory disclosure made public Wednesday. This week’s sales mean the Tesla chief executive has sold more than $39 …

Elon Musk sells $3.58B worth of Tesla stock, purpose unknown
2 years ago

Elon Musk sells $3.58B worth of Tesla stock, purpose unknown

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Elon Musk sold another $3.58 …

Elon Musk flogs $3.58B worth of Tesla stock within three days as share price plummets
2 years ago

Elon Musk flogs $3.58B worth of Tesla stock within three days as share price plummets

Daily Mail  

Elon Musk sold another $3.58 billion worth of Tesla stock this week, as the electric car maker's stock price plummeted to its lowest level in two years. Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent The Tesla CEO, and new owner of Twitter, sold the nearly …

Tesla investors voice concern over Elon Musk’s focus on Twitter
2 years ago

Tesla investors voice concern over Elon Musk’s focus on Twitter

Live Mint  

The chorus of Tesla Inc. individual investors expressing misgivings that Chief Executive Elon Musk‘s involvement with Twitter Inc. may be to the detriment of the electric-vehicle maker is getting louder, with the car company’s stock on track for its worst full-year performance. Shares in the world’s largest car company by market value fell more than 6% in Monday trading after …

Elon Musk loses ₹2,500 crore every day this year amid Twitter troubles
2 years, 1 month ago

Elon Musk loses ₹2,500 crore every day this year amid Twitter troubles

Live Mint  

World's richest Elon Musk’s losses in his net worth for this year topped $100 billion as shares of Tesla Inc dropped to the lowest level in two years. According to the Bloomberg Billionaires Index, Tesla's chief executive officer Elon Musk's wealth has declined over 37% or $101 billion in value in 2022, losing about ₹2,500 crore a day. Musk's also …

Tesla investors worried as Elon Musk 'works and sleeps' at Twitter HQ
2 years, 1 month ago

Tesla investors worried as Elon Musk 'works and sleeps' at Twitter HQ

Hindustan Times  

In 2018, Elon Musk was working through the night and sleeping at Tesla Inc's factories in California and Nevada as the company struggled to ramp up production of the Model 3. Munster said he expects Twitter to consume Musk's attention for the next six to 12 months, adding that Tesla was a more developed company than in earlier days and …

Elon Musk dragged to court over his ‘unfair’ compensation package at Tesla
2 years, 1 month ago

Elon Musk dragged to court over his ‘unfair’ compensation package at Tesla

Live Mint  

A compensation package for CEO Elon Musk that could be worth more than $55 billion is being contested by Tesla shareholders. As per the compensation package, for each milestone, aggressive revenue and pretax profit growth targets must be met, as well as increasing Tesla's market capitalisation by $50 billion. Only if Tesla achieved a market capitalisation of $650 billion and …

Elon Musk’s pay package at Tesla challenged in court
2 years, 1 month ago

Elon Musk’s pay package at Tesla challenged in court

The Hindu  

Testimony began on November 14 in a Delaware courtroom where Tesla shareholders are challenging a compensation plan for CEO Elon Musk potentially worth more than $55 billion. The first witness called to testify was Ira Ehrenpreis, a prominent venture capitalist and longtime friend of Mr. Musk who chaired Tesla’s compensation committee when the grant was formulated. Mr. Musk would receive …

Elon Musk sells $3.95 billion worth of Tesla stock
2 years, 2 months ago

Elon Musk sells $3.95 billion worth of Tesla stock

Associated Press  

Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. In all, Musk has sold more than $19 billion worth of Tesla stock since April, including those in Tuesday’s filings, likely to fund his share of the Twitter purchase. “Our fear heading into the final days of the deal was …

Elon Musk sells almost $4 billion of Tesla stock after Twitter takeover
2 years, 2 months ago

Elon Musk sells almost $4 billion of Tesla stock after Twitter takeover

Live Mint  

Elon Musk sold almost $4 billion in Tesla Inc. stock after buying Twitter Inc. for $44 billion. Mr. Musk late last month completed his acquisition of Twitter after agreeing in April to pay $54.20 for each share he didn’t already own. Mr. Musk said Friday in a tweet that Twitter had suffered “a massive drop in revenue" and was losing …

Elon Musk sells $3.95 billion worth of Tesla stock
2 years, 2 months ago

Elon Musk sells $3.95 billion worth of Tesla stock

The Hindu  

Twitter’s new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings. Mr. Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from November 4 to November 8, according to Tuesday’s filings with the Securities and Exchange Commission. In all, Mr. Musk has sold …

Elon Musk sells Tesla shares worth nearly $4 billion after buying Twitter
2 years, 2 months ago

Elon Musk sells Tesla shares worth nearly $4 billion after buying Twitter

Live Mint  

Tesla Inc Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion on Tuesday, according to U.S. securities filings, days after he completed the $44 billion takeover of Twitter Inc. Musk sold at least $3.95 billion of the electric-vehicle maker’s shares, according to regulatory filings on Tuesday in New York, his first …

Tesla stock hits two-year low after boss Musk sells more shares
2 years, 2 months ago

Tesla stock hits two-year low after boss Musk sells more shares

Al Jazeera  

Musk’s latest share sale fuelled jitters about the fallout of his Twitter buy on the world’s most valuable carmaker. The latest sale brings the total amount of Tesla stock sold by Musk since last November to about $36bn – despite his having said earlier that he would sell no more of his shares. Musk said on a conference call last …

Elon Musk sells 19.5 million Tesla shares worth $4 billion
2 years, 2 months ago

Elon Musk sells 19.5 million Tesla shares worth $4 billion

India Today  

Tesla Chief Executive Officer and Twitter's new owner Elon Musk has sold 19.5 million Tesla shares worth about $4 billion, US securities filings showed on Tuesday. Billionaire entrepreneur and Twitter's new owner Elon Musk sells 19.5 million Tesla shares, a SEC filing shows pic.twitter.com/9yu4COWFjw — Reuters November 9, 2022 With this latest sale, the total value of Tesla stocks sold …

Elon Musk sells Tesla shares worth $3.95bn after Twitter takeover
2 years, 2 months ago

Elon Musk sells Tesla shares worth $3.95bn after Twitter takeover

Al Jazeera  

World’s richest person sold 19.5 million shares of the electric car company after he bought Twitter. Tesla CEO Elon Musk has sold $3.95bn worth of Tesla shares, according to US regulatory filings, days after he bought Twitter for $44bn. Musk sold 19.5 million shares of the electric car company between Friday and Tuesday, US Securities and Exchange Commission data showed …

Twitter Surges as Musk Proposes Going Through with $44 Billion Deal
2 years, 3 months ago

Twitter Surges as Musk Proposes Going Through with $44 Billion Deal

News 18  

-Shares of Tesla Inc pared early gains while Twitter Inc surged on Tuesday after reports that billionaire Elon Musk proposed to go ahead with his takeover of the social media platform at $54.20 per share. Musk and Twitter were set to enter the courtroom this month, with Twitter seeking an order directing Musk to follow through on his agreement last …

Elon Musk sells $7B in Tesla shares ahead of Twitter fight
2 years, 4 months ago

Elon Musk sells $7B in Tesla shares ahead of Twitter fight

Associated Press  

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter. “In the 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,” Musk tweeted late Tuesday. Musk …

Musk sells Tesla shares worth $6.9 billion, cites chance of forced Twitter deal
2 years, 4 months ago

Musk sells Tesla shares worth $6.9 billion, cites chance of forced Twitter deal

The Hindu  

Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform. In other comments on Twitter on Tuesday, Musk said "yes" when asked if he was done selling Tesla stock, …

Elon Musk sells nearly $7 billion worth of Tesla shares
2 years, 4 months ago

Elon Musk sells nearly $7 billion worth of Tesla shares

Deccan Chronicle  

WASHINGTON: Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal. "In the 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," Musk, …

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