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.
Punjab CM Bhagwant Mann tied the knot with Dr. Gurpreet Kaur on Thursday. This marriage took plac
A long wait of 47 years, unfulfilled dreams, and years of hard work. All of this was summed up in
Semiconductor Technology Fairchild Semiconductor, a US company, had sought permission for its man
The film industry was shaken on Wednesday when the news of Malaika Arora's father Anil Kuldeep Me
RBI MPC Meeting: RBI took this step after failing to contain inflation, know details
The Reserve Bank of India has called an additional and without pre-determined monetary policy mee
Corona cases are continuously increasing in the country. In the last 24 hours, more than 11 thous
Samsung launched the phone with the best camera, know all the features of this phone
Samsung Galaxy M53 5G: If you want to buy a phone with the best camera and spend less money, then
Vaibhav Suryavanshi made history on December 24, 2025, in his very first match in the Vijay Hazar
WazirX: ED raids WazirX director's premises, accounts frozen
The Enforcement Directorate (ED) has raided the premises of Sameer Mhatre, director of the WazirX
Shaktikant Das: RBI Governor said on the fall of rupee, we are adopting the policy of zero tolerance
Reserve Bank Governor Shaktikanta Das said on Friday that despite the fall, the rupee remains sta
