Elon Musk is walking away from Twitter deal after selling $8 billion worth of Tesla (TSLA) stock for it
July 11, 2022
After months of negotiations, Elon Musk has officially moved to terminate his takeover of Twitter, but the CEO has still sold around $8 billion worth of Tesla (TSLA) stock to make it happen. What is he going to do with that money?
After Tesla went public in 2010, Elon Musk often said that he would be the “last one to sell Tesla stocks.”
The CEO periodically had to do it to cover his taxes…