Elon Musk sells Tesla shares worth $6.9 billion

Tribune Web Desk

Updated At : 02:23 PM Aug 11, 2022 IST

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San Francisco, August 10

Tesla CEO Elon Musk has sold $6.9 billion worth of shares, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle.

“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,” he tweeted late on Tuesday. — Reuters

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