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.
Karnataka 1st PUC Result 2023: Karnataka 1st PUC result released, download like this
Karnataka 1st PUC Result 2023 released: The Department of Pre-University Education has released the Karnataka PUC 1st year result. Candidates who appeared in the Karnataka Class 11th Commerce,
Pakistani Taliban threatens to target top leaders of PML-N and PPP
The Tehrik-e-Taliban Pakistan (TTP) on Wednesday threatened to target top leaders of the two main political parties of the ruling coalition. TTP is only running "Jihad" in Pakistan. The TTP has warned
Coronavirus Updates: Decline in new cases of corona, 8084 cases in 24 hours; Active cases close to 48 thousand
There has been a decline in new cases of Corona (Covid 19 Cases) in the country. In the last 24 hours, 8,084 cases of corona have been registered. However, this is the third consecutive day when more
Know why Germany is suffering from the Russia-Ukraine war, the general public and the hesitant industry sector are facing the consequences
Europe is the worst hit by the six-month-long war between Russia and Ukraine. Even this, Europe's largest country and the largest economy, Germany, is in bad shape because of this. This war has not
Russia-Ukraine war: The war between two countries puts an impact on the world, with many effects seen globally in the last year
The war between Russia and Ukraine has completed one year. Ukraine was attacked by Russia on 24 February 2022. In the last year, this war has influenced the world in many ways. Changed global
Alia Bhatt also became a fan of Elvish Yadav and Manisha Rani, the actress tagged Rocky and Rani of 'Bigg Boss'
Elvish And Manisha: 'Bigg Boss OTT 2' is now moving very fast towards the finale. The finale of the show is going to happen next month i.e. in the middle of August. In such a situation, the housemates
Monsoon: Heavy rain expected in Delhi-UP today, alert issued from mountains to plains; Know the weather condition
According to the Meteorological Department, monsoon is likely to remain active in North India. Monsoon rains have returned in many states across the country including Delhi NCR. Due to less rainfall
Chinese government alerted after firing on a Chinese hotel, and citizens of China were advised to leave Afghanistan
Questions were raised on the safety of foreign nationals, including China, present in Afghanistan after the firing on the Chinese hotel in central Kabul on Monday. Meanwhile, the Chinese government on
Pakistan-Saudi connection of Kanhaiya's killers? agencies involved in the investigation
In the investigation of the brutal murder of Hindu tailor Kanhaiya Lal in Udaipur, many big revelations are coming one after the other. Now it has come to the fore that apart from Riyaz Attari, other
56 Kashmiri Pandits on the target of terrorists: List of Pandits working in government departments got into the hands of terrorists
The list of 56 Kashmiri Pandits working in government departments in Kashmir Valley has been leaked and terrorists have gotten into their hands. This list is being shared on blogs related to terrorist
