Elon Musk-Twitter: Elon Musk is losing Tesla shares by taking Twitter, and has now sold 4 billion stake

Posted on 9th Nov 2022 05:30 pm by rohit kumar

Billionaire Elon Musk's empire has been in turmoil since the Twitter deal. It is now reported that he has sold more shares of Tesla worth about $ 4 billion. The special thing is that Musk is trying to repay the fixed amount of the Twitter deal. For this, he has already sold a major part of his shares. Apart from him, many investors around the world are also involved in the Twitter deal.

 

Documents filed with the US Securities and Exchange Commission (SEC) on Tuesday showed that he has sold 19 million (about 19 million) shares, worth $ 3.9 billion. The special thing is that he has completed a $ 44 billion Twitter deal a week ago. To pay for it, he took out a loan and sold Tesla shares worth $15.5 billion.

 

Sorting starts with the entry

With the entry of Musk on Twitter, many big executives of the company started falling. He had shown the way out to many top officials of the platform. On Friday itself, he had laid off half the people in the staff of 7500 people. Apart from this, he is also looking for different ways of earning from Twitter. These also include charging $8 per month from verified accounts.

 

Indian-origin Krishnan included in Musk's Twitter 'inner circle

According to agency talks, Musk has reportedly put together a small team of his friends and confidants, including Indian-origin software engineer Sriram Krishnan, following the acquisition and widespread layoffs of the social media platform Twitter. The team has been tasked to implement its vision for this social media platform.

 

Also Read: Net Worth: Elon Musk lost as much as Mukesh Ambani earned in his entire life in a single year, know the figures

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