This sale occurs amid the uncertainty surrounding the legal process to which he is subjected for the failed purchase of Twitter, which may force him to pay US$44,000 million dollars for the social network.
Tesla falls 2.44% in pre-market trading Wednesday with a price of $850 per share compared to Tuesday’s close of $871.27 on the New York Stock Exchange.
Last April, the founder of the electrical firm also disposed of 4.42 million shares worth US$4 billion, 2.68% of its participationafter the failed purchase of the social network Twitter.
“In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners do not participate, it is important to avoid an emergency sale of Tesla stock,” Musk wrote yesterday. Twitter.
Twitter is waging a legal battle with Musk over his attempt to get out of an April deal to buy the social network, and a judge ordered a trial in October. Musk has filed a countersuit accusing Twitter of fraud and alleging that the platform misled him about key aspects of the company before agreeing to buy it.
Source: Ambito
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