Tesla CEO Elon Musk sold additional shares of his electric car company after closing the $44 billion purchase of Twitter.
Elon Musk sold $3.95 billion worth of shares in his electric car company Tesla after closing his $44 billion acquisition of Twitter.
According to filings with the Securities and Exchange Commission, Musk sold 19.5 million shares of Tesla.
In addition to pouring billions of his own capital into taking Twitter private, Musk relied on partners including equity investors Binance, Ron Baron’s BAMCO, Andreessen Horowitz, Twitter’s former CEO Jack Dorsey and Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia, to finance the deal, or to roll their existing shares into his holding company for Twitter.
