The Wall Street Journal reported on the 28th (local time) that Tesla CEO Elon Musk sold about $4 billion (about 5.8 trillion won) of Tesla stock he owned to take over Twitter.
Musk announced on the previous day that he had sold about 4.4 million shares of Tesla stock in filing with the Securities and Exchange Commission (SEC), the U.S. securities regulator. He added, “The sale period was the last 26-27 days.”
“There are no more Tesla stock sales,” he tweeted.
Earlier, Musk announced that he would raise $21 billion of Twitter’s $44 billion acquisition with equity capital, but did not provide an exact method. As a result, the market has been concerned that Musk will eventually sell Tesla stock.
As a result, Tesla stock has plummeted since Musk announced that it would acquire Twitter.
Tesla’s share price in the New York Stock Exchange on that day also fell 0.45% to $877.51 from the previous trading day, even though the stock prices of other electric vehicle makers surged all at once. After-hours trading also plunged more than 2%.
(Seoul = News 1)
