Tesla Inc Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion, according to U.S. securities filings, days after he completed the $44 billion takeover of Twitter Inc. Musk, the world’s richest man, had about $20 billion in cash after selling a part of his stake in Tesla and would have required to raise an additional $2 billion to $3 billion to finance the Twitter deal.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Israeli spyware targeted scores of WhatsApp users: Meta

An official with Meta’s WhatsApp chat service said Israeli spyware company Paragon…

Customers unhappy with the latest iPhone 13

On Tuesday, Tim Cook, Apple Inc’s CEO unveiled the latest edition of…

Taiwan’s front-line battle against mobile phone fraud

Taiwan: Telecoms security boss Jeff Kuo says that fighting mobile phone fraud…

K-P govt to solarize 9,000 mosques

Khyber-Pakhtunkhwa (K-P) government has solarized 6,500 mosques across the province while conversion…