Musk sells 11 trillion Tesla shares to buy Twitter

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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)

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