Elon Musk Tesla

Elon Musk sold $6.9 billion of his shares in Tesla Inc., the billionaire's biggest sale on record, saying he needed cash in case he is forced to go ahead ...

Tesla’s chief executive officer sold about 7.92 million shares during the last three days of trading, according to regulatory filings. Elon Musk offloaded $6.9 billion worth of stock in Tesla Inc. to accumulate cash ahead of a trial that could force the billionaire to follow through on an agreement to acquire Twitter Inc. Musk, who still owns almost 15% of the electric-car maker, tweeted that he was done selling and would buy Tesla shares if the Twitter deal doesn’t close.

Elon Musk said in April he wasn't planning to sell more shares of Tesla after unloading $8.3 billion so he could buy Twitter. Now he sold $7 billion more, ...

Musk now says he has a reason to prepare for “the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through.” If that happens, Musk said, he’s trying to avoid an emergency sale of Tesla stock. Exactly how investors will react to word that Musk is done selling (again) is unknown; however, the price of Tesla shares stayed flat at around $850 in after-hours trading. Musk sold those shares earlier this year to help finance the acquisition of Twitter, and now that he’s trying to exit the arrangement, they’re going to battle it out in a Delaware courtroom starting on October 17th.

Tesla has disclosed that CEO Elon Musk sold around $6.5 billion worth of Tesla (TSLA) shares last week. It's a significant chunk of his Tesla stake, ...

He also stated that he would “buy Tesla stock again” if the Twitter deal doesn’t close. More importantly, the CEO did end up selling more Tesla shares than he needed to cover his tax burden from the stock options being exercised. Soon after, Musk announced a deal to buy Twitter and take it private. Update: Musk claimed on Twitter that he is “done selling” and suggested that the purpose of this sale was to avoid an emergency sale of Tesla stock in the event that the Twitter deal closes. The CEO again broke his promise to be the last one to sell Tesla shares and sold about $8 billion worth to cover some of the equity needed in the deal. A Twitter settlement maybe?

Musk said months ago he didn't plan to sell any more Tesla shares.

- "In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,"Musk added. Why it matters: The selloff comes weeks after the Tesla CEO's bid to withdraw a $44 billion agreement to buy Twitter and ensuing legal battle with the tech giant, something Musk acknowledged on Tuesday night. Elon Musk sold more than $6.9 billion in Tesla shares, according to new filings with the Securities and Exchange Commission published Tuesday.

Tesla CEO Elon Musk is at it again selling shares of his electric vehicle company, per regulatory filings. Since Friday, the executive has sold 7.9 million ...

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Tesla CEO Elon Musk sold 7.9 million shares of Tesla stock in recent days, raising $6.9 billion with the sales.

The shares he owns, combined with the options he holds to buy other shares, gives him control over about 20% of Tesla outstanding shares. That's down from an average price of $883 a share on his Tesla sales in April, and well below the $1,046 average that he received when selling 15.7 million shares late last year. Musk received an average price of $869 a share for the shares he sold in recent days. They mark the first sale of Tesla shares by Musk since April, when he sold 9.6 million shares on the exercise of options that were due to expire. "This is the last thing Tesla investors wanted to see," said Daniel Ives, tech analyst for Wedbush Securities. "The biggest fear has been that Musk sells more stock, and that's what just happened.

Elon Musk sold $6.9-billion of his shares in Tesla, his biggest sale on record, saying he needed cash in case he is forced to buy Twitter.

The disposals started in November after Musk, a prolific Twitter user, polled users of the platform on whether he should trim his stake. Twitter has since sued to force Musk to consummate the deal, and a trial in the Delaware chancery court has been set for October. In the long term, all that matters is deliveries and gross margin.”

Tesla CEO admits he could need the funds if he loses a legal battle with Twitter and is forced to buy the social media platform.

However, Musk remains comfortably ahead of Jeff Bezos as the world’s richest man with an estimated $250bn fortune, according to the Bloomberg billionaires index. Twitter has consistently stated that the number of spam accounts on its service is less than 5% of its user base, which stands at just under 238 million. Musk, the world’s richest person, sold $8.5bn worth of Tesla shares in April and had said at the time there were no further sales planned. The move came as observers of the Twitter row speculated whether Musk will seek a settlement. So I think that these are signs that he does intend to settle sometime soon,” said Anat Alon-Beck, a law professor at Case Western Reserve University in Ohio. The Tesla chief executive walked away from a $44bn deal to buy Twitter in July but the company has launched a lawsuit demanding that he complete the deal.

Elon Musk has sold roughly US$7 billion in shares of Tesla ahead of his pending legal fight with Twitter over his dropped bid to acquire the company.

“We can also see Musk trying to resolve this powder keg situation before the Twitter deal officially heads to court in October,” Ives wrote. “At a minimum, we see Twitter getting a massive settlement from Musk in the US$5 billion to US$10 billion range that is starting to be factored into the stock.” Musk offered to buy Twitter earlier this year, then tried to back out of the deal claiming the social platform was infested with a larger numbers of “spam bots” and fake accounts than Twitter had disclosed.

Elon Musk, the CEO of Tesla and self-proclaimed "Dogefather" has been making a lot of news over the last couple of months. From his.....

Musk had reportedly filed a total of six Form 4 applications with the Securities and Exchange Commission [SEC]. The Tesla CEO further highlighted that 7,924,107 TSLA shares were sold. Amidst all of the backlash and a lawsuit, Musk revealed that he had sold $6.9 billion worth of Tesla shares. Elon Musk, the CEO of Tesla and self-proclaimed “ Dogefather” has been making a lot of news over the last couple of months.

The billionaire entrepreneur said he wanted “to avoid an emergency sale of Tesla stock” if he was forced to complete the buyout of the social media company.

At the same time, Mr. Musk has appeared to strike a more open tone toward the possibility of going through with the deal. Twitter has cited that possibility as reason to resist his demands for confidential information pertaining to how it accounts for fake users. He had already signed a list of Silicon Valley heavyweights — including the venture capital firm Andreessen Horowitz and the tech mogul Larry Ellison — to commit about $7.1 billion toward the deal. Over the past few weeks, both Twitter and Mr. Musk have sparred over details of the deal. Mr. Musk signed the deal in April to acquire the social media company only to announce months later his intent to pull out, citing concerns about its accounting of fake users. In addition to about $13 billion in debt financing, Mr. Musk said in May that he would pay for the Twitter acquisition with about $33.5 billion in cash, through a combination of his own funds, outside investors and partnership with other Twitter shareholders. In response to a question on Twitter about whether he would create his own social platform if the deal does not close, he responded, “X.com.” Mr. Musk, who has an affinity for the letter X, has spoken about a desire to create a rival service. Shares of Tesla also rose nearly 4 percent. Twitter has sued Mr. Musk to force him to close the deal through a provision of the contract known as “specific performance.” A judge in the Delaware Chancery Court will decide in October whether he must follow through on the acquisition. In a tweet on Tuesday, Mr. Musk said he had sold the shares because, in “the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.” Mr. Musk is the richest man in the world, but much of his wealth is tied up in shares of Tesla. He also said Tuesday that he would buy more Tesla stock if his deal to buy Twitter did not close. The sale of 7.92 million Tesla shares started Friday, Mr. Musk revealed on Tuesday in securities filings, a reversal from his previous statements that he would not sell additional shares to finance the Twitter deal. Elon Musk, the chief executive of the electric vehicle maker Tesla, has sold about $7 billion worth of the company’s stock, a move he said on Twitter was an effort to raise cash in case he was forced to complete his $44 billion deal to acquire Twitter.

Elon Musk a vendu pour près de 7 milliards de dollars d'actions du groupe automobile Tesla, d'après un document déposé auprès de la SEC.

Elon Musk a contre-attaqué, avec une plainte dans laquelle il demande au tribunal de le libérer de l'accord et de condamner Twitter à lui verser des dommages et intérêts. «Cela n'a pas très bonne allure pour Musk», commentait Dan Ives. L'action Tesla montait de 2,50% à 871,25 dollars vers 12h. Le patron de Tesla estime que Twitter a menti sur la proportion de comptes automatisés et de pourriels sur sa plateforme, et affirme même que le réseau a «fraudé», en majorant volontairement le nombre de comptes monétisables. Samedi, Elon Musk avait mis au défi le patron de Twitter de débattre publiquement et prouver la part de faux comptes sur le réseau social, point de désaccord mis en avant par le multimilliardaire pour retirer son offre d'achat. • À lire aussi: Le procès de Twitter contre Elon Musk débutera le 17 octobre

D'après un document déposé auprès de la SEC, le gendarme boursier américain, et publié mardi sur le site internet de cette dernière, le multimilliardaire s'est ...

Elon Musk a contre-attaqué devant la même juridiction, avec une plainte dans laquelle il demande au tribunal de le libérer de l’accord et de condamner Twitter à lui verser des dommages et intérêts. En avril, le patron de Tesla avait déjà vendu pour quelque 8,5G$ US d’actions de son groupe automobile pour préparer l’acquisition du réseau social. En avril, le patron de Tesla avait déjà vendu pour quelque 8,5G$ US d’actions de son groupe automobile pour préparer l’acquisition du réseau social.

Elon Musk avait signé en avril un accord de 44 milliards de dollars pour racheter Twitter, avant de le rompre unilatéralement début juillet. Le patron de Tesla estime que Twitter a menti sur la proportion de comptes automatisés et de pourriels sur sa ...

Elon Musk a contre-attaqué, avec une plainte dans laquelle il demande au tribunal de le libérer de l’accord et de condamner Twitter à lui verser des dommages et intérêts. «Cela n’a pas très bonne allure pour Musk», commentait Dan Ives. Le patron de Tesla estime que Twitter a menti sur la proportion de comptes automatisés et de pourriels sur sa plateforme, et affirme même que le réseau a «fraudé», en majorant volontairement le nombre de comptes monétisables. Sitôt l’accord de rachat rompu, Twitter a en effet attaqué en justice l’homme le plus riche de la planète, pour le contraindre à honorer sa promesse. Samedi, Elon Musk avait mis au défi le patron de Twitter de débattre publiquement et prouver la part de faux comptes sur le réseau social, point de désaccord mis en avant par le multimilliardaire pour retirer son offre d’achat. Dans un tweet publié dans la nuit de mardi à mercredi, il a expliqué avoir souhaité «éviter une vente en urgence des titres Tesla», dans le scénario -qu’il espère «improbable»-, où il se verrait contraint de racheter Twitter et perdrait le soutien de certains de ses partenaires financiers.

Cette vente intervient alors que l'industriel est engagé dans un bras de fer juridique autour du rachat du réseau social Twitter.

Et son chiffre d'affaires, à 16,9 milliards de dollars, a aussi déçu. Mais le constructeur pourrait bénéficier de nouvelles subventions du gouvernement américain, dans le cadre du «CHIPS and Science Act», qui prévoit près de 200 milliards de subventions et crédit à destination de secteurs susceptibles de recréer des emplois industriels de pointe aux États-Unis. Fureur chez Twitter, dont le cours dévisse. Le réseau social a porté l'affaire devant les tribunaux et entend bien obliger Elon Musk à tenir parole, c'est-à-dire, à débourser 44 milliards de dollars pour son rachat. Les actionnaires de Twitter doivent se réunir le 13 septembre pour autoriser ou non cette acquisition, qui représenterait une plus-value conséquente pour les actionnaires.