Elon Musk, the world's richest person, has started raising funds to complete the deal with the microblogging platform Twitter. Under this, he has once again sold the shares of his company Tesla. This information has come to the fore from US securities filings. It said that Musk has sold 4.4 million shares of the company.
$4 billion in sales
It has been said in the filing that Elon Musk has sold 44 lakh shares of Tesla Inc and their sale has been done for $ 3.99 billion or more than 30 thousand crore rupees. Significantly, Musk has sold shares of Tesla several times before. According to the information, these shares have been sold on Tuesday and Wednesday. In the report, it has been termed as a fund-raising exercise for Elon Musk's Twitter deal.
Musk tweeted this big thing only
A tweet has also been made by Elon Musk after the news of selling the shares surfaced. In this, he has confirmed the recent sale of Tesla's shares and has said not to do such work in the future. The world's biggest billionaire and Tesla CEO have said in his tweet that there are no further plans to sell Tesla shares after today.
Twitter deal for $ 44 billion
It is worth noting that recently Elon Musk has made a deal with the microblogging platform Twitter. In the past, he had bought a 9.2 percent stake in Twitter and a few days later he bought the entire Twitter. This deal has been done for $ 44 billion (Rs 3.37 lakh crore). He is believed to have sold shares of his company to help finance his planned purchase of Twitter.
Experts expressed this estimate
After news of the sale of Tesla shares came into the limelight, experts in the deal say that Elon Musk may also have to deal with his holding in Twitter to cover $21 billion in equity from the $44 billion Twitter deal. Is. Musk personally gave this guarantee as well. Along with this, let us tell you that due to the big fall in the shares of Tesla, such news is also in the discussion that this deal may be canceled.
Huge loss immediately after the deal
Let us talk here that with the seal of the deal with Twitter, Tesla's shares have dealt a blow to Musk. Since this deal, the share price has been falling badly. Tesla's value fell by more than three times the amount of Twitter's deal, or $44 billion, as shares fell on Tuesday and Wednesday. Shares had lost 12 percent on Tuesday alone and the company's market cap fell by $100 billion to $906 billion.
Preparations for big layoffs in Twitter
Meanwhile, a report said that Twitter may also see big layoffs in the coming days, as indicated by Elon Musk himself. Musk told the banks that he was going to take steps to improve the company's bottom line and that jobs would be cut under it.
Sterilization is the only solution, not shelter homes... Strictness on dog feeding: important points of the Supreme Court's order in the case of stray dogs
The Supreme Court has overturned the decision to send dogs to shelter homes. The apex court overturned the decision of the double bench and said that all the dogs sent to the shelter home should be
Cleaning of Rivers: 30 thousand crore rupees approved for cleaning many rivers including Ganga, Jal Shakti Minister gave information
Jal Shakti Minister Gajendra Singh Shekhawat said on Tuesday that over Rs 30,000 crore have been sanctioned for projects aimed at cleaning the Ganga and its tributaries.
Dengue Case In UP: Dengue havoc in UP, more than seven and a half thousand patients came in front, deaths due to high fever
Dengue Case In UP The number of dengue patients is increasing continuously in the state. Seven and a half thousand patients have been exposed since January 2022. Dengue is spreading rapidly in more
Animal Box Office Collection Day 6: 'Animal' shook the throne of the box office, collection crossed Rs 300 crore in six days
Animal Box Office Collection Day 6: Ranbir Kapoor's film, which came on the film screen as 'Animal', is currently creating havoc at the box office. Be it the fight scene between him and Bobby Deol in
Rath Yatra 2023: Lakhs of devotees gathered in Puri Jagannath Dham, Ashwini Vaishnav arrived to pull the chariot
The world-famous Rath Yatra of Mahaprabhu is being celebrated with full enthusiasm in Jagannath Dham Puri. Due to the Kovid epidemic, after three years, the world-famous Rath Yatra of Mahaprabhu is
Uttarakhand Tunnel Collapse: Rescue operation gained momentum, workers can come out by tomorrow morning; ambulance is ready
41 lives are still at stake in the Silkyara Tunnel accident of Uttarkashi. For the last 10 days, 41 laborers have been sitting inside the tunnel hoping to come out. Rescue operations have also going
RG Kar Case: CBI investigated the crime scene in RG Kar; Emergency Building-Principal Office also searched
The CBI is investigating the rape and murder of a female trainee doctor at RG Kar Medical College-Hospital in Kolkata, West Bengal. They inspected the spot at the hospital on Sunday. Apart from this,
Singer KK's unnatural death case registered, gun salute will be available at Kolkata airport
Millions of fans including the Bollywood world are in shock due to the sudden demise of Bollywood's famous singer KK. Meanwhile, KK's sudden death is being feared as an unnatural death. However, the
Delhi Crime: Masked miscreants fired at Delhi's JJ Colony, 2 killed; one seriously injured
A sensational case of double murder has come to light from the national capital Delhi. There has been an incident of firing in the JJ Colony of Mundka police station area of Delhi. Two people
Manobala Passes Away: Tamil industry's famous actor Manobala passes away, Rajinikanth pays tribute
Manobala Passes Away: Big news is coming out from the Tamil industry. Renowned actor and director of the industry Manobala has passed away. According to reports, he died in Chennai on Wednesday. For a
