Tesla Share Price: Elon Musk sold shares worth $ 4 billion, stock at a 17-month low.
Elon Musk, the world’s richest man, has sold Tesla shares. Musk has sold 19.5 million shares of Tesla worth $3.95 billion.
Documents from the US Securities and Exchange Commission showed that the shares were sold on Tuesday. It is being said that Musk has sold shares to complete the Twitter deal.
The shares of Musk’s electric car company Tesla have been under pressure for the past several days. The company’s shares have reached the level of 17 months.
According to the news agency, Elon Musk has raised most of the money for the Twitter deal by selling Tesla shares.
Elon Musk’s net worth has also come down from $200 billion due to the sale of Tesla’s shares.
However, Musk still remains the richest person in the world. There was already talk that Musk would sell Tesla shares to raise funds to buy Twitter.
Elon Musk also revealed in August this year that he was selling shares of Tesla.
In response to a question from one of his Twitter followers, he wrote that if he is forced to buy Twitter, then it will be very difficult to stop the emergency sale of Tesla’s shares.
Tesla Share Price: So far, 20 billion dollars worth of shares have been sold.
Earlier, in April and August also Elon Musk sold shares of Tesla. Their value was $15.4 billion.
Now since April, Tesla’s CEO has sold shares worth $ 20 billion, after Musk once again sold shares of Tesla.
Shares fell 45 percent.
Musk first announced on April 25 that he was going to buy Twitter. Tesla’s stock price on that day was $332.
At the same time, on November 8, Tesla shares were trading at $188 on the American Stock Exchange at 9:00 pm Indian time.
In this way, Tesla’s shares have fallen nearly 45 percent to $188 since Musk’s announcement of buying Twitter.