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.
The final match of the Asia Cup 2025 between India and Pakistan will be played in Dubai on Sunday
The Women's T20 World Cup is starting from Thursday, but the Harmanpreet Kaur-led Indian team wil
Since the bursting of firecrackers on Diwali night and increasing incidents of stubble burning in
Chief Minister Arvind Kejriwal appeared in Delhi's Rouse Avenue Court today after not appearing o
The troubles of trainee IAS Pooja Khedkar, who is surrounded by controversies, are not decreasing
The country's manufacturing sector is recovering rapidly based on Make in India amid the worsenin
Sri Lankan Foreign Minister Ali Sabri said on Monday that his government has not allowed the Chin
Who is Justice Sanjiv Khanna who will replace DY Chandrachud as Chief Justice today?
Justice Sanjiv Khanna will be sworn in as the 51st Chief Justice of India (CJI) on Monday at a ce
Vivo X90 series launched renders of Samsung Galaxy S23 excited, see all the special features of both
Vivo X90 Series: Vivo X90 5G series was launched in China on 22 November 2022. In this series, th
As India and Pakistan move towards a ceasefire, senior DMK leader TKS Elangovan has welcomed the
