Musk is probably selling $ 4 billion in Tesla stock for Twitter trading

Washington- Elon Musk has sold 4.4 million Tesla shares worth about $ 4 billion. This is most likely to help fund your Twitter purchase.

Musk reported the sale in a document filed with the Securities and Exchange Commission on Thursday. Shares have been sold for the past few days at prices ranging from $ 872.02 to $ 999.13.

Tesla’s CEO, the wealthiest man in the world, tweeted that he has no plans to sell any more shares in the company.

Most of the sales came on Tuesday, with Tesla shares falling 12%. This fell sharply in a day.

Analysts said Tesla’s investors were afraid that Musk would be distracted by Twitter and wouldn’t do much to run an electric car company. Twitter agreed to be acquired by Mask on Monday for $ 44 billion.

Musk was expected to borrow up to $ 25.5 billion from a number of banks to pay for Twitter’s acquisition, but the sale of shares could fund some of them. -agency