Tesla CEO Elon Musk reported to the Securities and Exchange Commission (SEC) on the 29th (local time) that he had sold $4.5 billion of Tesla stock to acquire Twitter. .
Earlier, Musk reported that the previous day also sold $4 billion (about 5.8 trillion won) of Tesla stock to the SEC.
As a result, Musk sold a total of $8.5 billion in Tesla stock to take over Twitter.
Musk needs to raise $44 billion in all to buy Twitter. Among them, investment banks and others have agreed to provide $23 billion, so Musk will have to raise $21 billion with his own money. Musk seems to be selling Tesla stock every day to make up for it.
(Seoul = News 1)