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.
Weather Update: Cold will increase in Delhi, there may be heavy rains in these states; Know the condition of your city
Cold has started increasing in many states of North India. At the same time, the process of rain continues in the southern states. There is a possibility of unseasonal rains in Maharashtra and Madhya
Cristiano Ronaldo did not ignore Salman Khan, this new picture surfaced
Salman Khan And Cristiano Ronaldo: The relationship between film stars and sports players is very old. Be it Bollywood or Hollywood. These days Salman Khan and Cristiano Ronaldo are in the news a lot
Shaktikanta Das: Why did Shaktikanta Das, who is going to say goodbye to RBI, express his gratitude to PM Modi? Know what he wrote on X.
The term of Reserve Bank of India (RBI) Governor Shaktikanta Das is ending today on 10 December 2024. The central government has appointed Revenue Secretary Sanjay Malhotra in the Finance Ministry as
Top 5 reasons for Team India's defeat: Economy of our five bowlers remained above 11, three catches were dropped; star batsman flop
Australia defeated India by 4 wickets in the first match of the three-match T20I series. Despite making a huge score of 208 runs, the Indian team lost the match with four balls to spare. We have
India Russia Relations: Russia's blunt reply to western countries, said- India will continue to supply crude oil
Russia's supply of crude oil to India will continue and bilateral trade will set new records. There will be no obstacle between the two countries. Russian Ambassador to India Denis Alipov said in a
Earthquake News: Earth trembled twice in Nepal, magnitudes 4.7 and 5.3 on the Richter scale
Earthquake tremors have been felt in Nepal and Uttarakhand of India. According to the news agency ANI, two earthquakes of magnitude 4.7 and 5.3 were felt in Baglung, Nepal at 1 and 2 pm local time.
PM Modi said in Lumbini- Nepal is incomplete without our Ram, told its special relationship with Buddha
Narendra Modi Speech in Lumbini: PM Narendra Modi said in Lumbini, the birthplace of Mahatma Buddha, that without Nepal, even our Ram is incomplete. He said that if the Ram temple is being built in
Salman Khan: Salman Khan shared a post at midnight, and this thing in the background created a stir on the internet
Fans of veteran actor Salman Khan are desperate to get a glimpse of him. Now the actor has created a stir on social media by sharing a post on Friday morning. In this, the actor has written a message,
Urvashi Rautela iPhone: Thief sent mail to Urvashi Rautela, and made this big demand from the actress in return for returning the phone
Urvashi Rautela IPhone: Last Saturday, i.e. on 14th October, there was a fight between Pakistan and India. In which India won. This match took place last Saturday at Narendra Modi Stadium in
India-Bangladesh: India is cautious not only about the present but also about the future, and will have to maintain a flexible attitude given the investment of billions of dollars
India has full sympathy for Sheikh Hasina and it will continue in the future as well. But while ensuring her safety, preparations have also begun to ensure that India's interests with the neighboring
