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.
Former Sri Lankan President Gotabaya Rajapaksa has applied for a green card to settle in the US.
Prime Minister Narendra Modi attended the Pongal festival at the residence of Union Minister of S
India is aging fast. After 14 years i.e. in 2036, out of every 100 people, only 23 young people w
Prime Minister Narendra Modi has reached America. Here he is to meet US President Donald Trump. P
After Srilanka-Pakistan, why has the economy of Bangladesh become crispy now?
Tens of thousands of people are taking to the streets in Dhaka to protest against the Bangladeshi
The festival of Ganesh Chaturthi is celebrated with great pomp in Maharashtra. This festival is c
The Samadhan Yatra of Chief Minister Nitish Kumar started on Thursday. Amidst the cold, the Chief
US President Joe Biden lashed out at Donald Trump's Republican Party on Wednesday. A mob of suppo
Biden said on the ceasefire, Putin wants some oxygen by bombing the hospital
A two-day temporary ceasefire is about to take place on the Russia-Ukraine war that has been goin
The main opposition party of the state, SP, is going through a tough test. Before the 2022 assemb
