the tech tycoon Elon Muskbrand new owner of Twitterhas been divested of shares of Tesla worth more than 44,000 million dollars (about 41,804 million euros). The Securities Market Commission of the United States has indicated that this sale took place between Tuesday and Wednesday.
The businessman could have carried out this operation in order to use that money to finance his purchase of the social network, closed last Monday. After becoming official, Tesla shares fell sharply due to investor concern that Musk would sell part of his stake in the electric car company, as has happened. This week, the value of the manufacturer’s shares has fallen by 8.37%. Since the beginning of the month, when it became known that Musk became a shareholder of Twitter, they have done so by 18%. Given the concern that they continue to decline, Musk has confirmed in a tweet that he will not sell more.
No further TSLA sales planned after today
— Elon Musk (@elonmusk) April 29, 2022
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This is not the first time that Musk has reduced his stake in Tesla. Between November and December of last year, he got rid of 16,400 million dollars (15,579 million euros) in shares, not without controversy. And it is that the richest man in the world did it after publishing a survey about it on Twitter and leaving that decision in the hands of his more than 86 million followers. The day before the sale, his brother Kimbal Musk sold shares worth 108 million. The US Securities and Exchange Commission (SEC, in English) considers that the tycoon could leak confidential information to benefit his relative, which has opened an investigation.
To raise the capital needed to secure his purchase of Twitter, Musk explained that he would commit $21 billion of his assets. The rest of financing It will come from loans borrowed from banks that regularly work with the tycoon, such as Morgan Stanley. His fortune, valued at 248.8 billion dollars, comes mainly from his participation in Tesla and in SpaceXthe aeronautical company with which he has promised to normalize space tourism and even colonize Mars.
George is Digismak’s reported cum editor with 13 years of experience in Journalism