Elon Musk sells Tesla Group shares for nearly $7 billion

ECONOMY – The billionaire says he wanted to “avoid an emergency sale of Tesla securities”, if he is forced to buy Twitter

Elon Musk sells Tesla Group shares in numbers. A document filed with the American stock market policeman, the SEC, indicates that the multi-billionaire and boss of Tesla would have sold 7.9 billion Tesla shares between August 5 and 9.

On his Twitter account, Elon Musk, currently engaged in a legal tussle over the takeover of Twitter, explained that he wanted to “avoid an emergency sale of Tesla securities”, if he is forced to buy the social network and that some of these financial partners do not follow through.

The Twitter network accused of “fraud”

Elon Musk on Saturday challenged the boss of Twitter to publicly debate and prove the share of false accounts on the social network, a point of disagreement put forward by the American multi-billionaire to withdraw his purchase offer, launching a legal battle. Elon Musk had signed a $ 44 billion agreement in April to buy the social network, before breaking it unilaterally in early July.

He believes that Twitter lied about the proportion of automated accounts and spam on its platform, and even claims that the social network has “frauded”, by deliberately increasing the number of monetizable accounts. In April, the boss of Tesla had already sold for some 8.5 billion(…) Read more at 20minutes

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