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.
Coronavirus Updates: Big drop in corona cases in the country, 1569 cases in 24 hours, 19 deaths
There has been a big decline in the cases of Coronavirus in the country. The Health Ministry said
India defeated England by seven wickets in the first match of the five-match T20 series. The Indi
The action-packed season of Tom Clancy's Jack Ryan returns. The fourth and final season of this t
Before the monsoon session of Parliament, PM Modi said that this monsoon session is very proud fo
PM Modi Nepal Visit: PM Modi leaves for Nepal, and will offer prayers at Maya Devi temple in Lumbini
PM Narendra Modi will visit Nepal today on the occasion of Buddha Purnima. Modi will visit Lumbin
Imran's container crushed the journalist: he was pushed, the question - is it an accident or murder
A female journalist was crushed to death by a container on Sunday in the Long March of former Pak
Anil Kapoor shooting with Marvel's Hawkeye, reality series will come on Hotstar!
Although Anil Kapoor and Jeremy Renner worked together for the 2011 film Mission Impossible - Gho
Ever since Virat Kohli scored 122 runs in the opening match against Afghanistan in the Asia Cup,
BJP is the most important international political party in the world. This claim has been made in
Milind Bharambe, Police Commissioner of Navi Mumbai in Maharashtra, said an investigating officer
