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.
Multibagger Stock Shock: ₹1 Lakh Became ₹20 Lakh in 5 Years, Company Now Announces 1:10 Stock Split
A stock listed on the Indian stock market has created tremendous wealth for investors over the pa
Russia has resumed shelling near Ukraine's Zaporizhzhya nuclear power plant. A local official gav
The series of bomb threats to schools in the national capital, Delhi, is not stopping. On Thursda
The flag hoisting ceremony at the Ayodhya Ram Temple was completed. With the press of a button, P
The ongoing survey regarding madrassas in Uttar Pradesh has been completed. About eight thousand
Former Indian cricketer K. Srikkanth is disappointed with the poor performance of Royal Challenge
Punjab News: BSF kills Pakistani infiltrator at BOP Channa in Amritsar, search operation continues
BSF has killed a Pakistani intruder near BOP Channa of Tehsil Ajnala, Amritsar. It is being told
The World Health Organization has warned member countries about the increase in respiratory disea
TCS company manager Manav Sharma's parents and sister are shocked by his suicide. He is demanding
The under-construction four-lane bridge over the Sultanganj-Aguwani Ganga river in Bhagalpur, Bih
