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Elon Musk sold 5.23 million shares of Tesla on Thursday

Moomoo News ·  Apr 29, 2022 09:48  · Breaking

$Tesla(TSLA.US)$ Chief Executive Elon Musk sold 5,230,000 common shares in the electric car maker on Thursday, the price range of $822.68 - $902.85  worth about $4.5 billion according to a regulatory filing this Friday. 

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Musk needs $21 billion in cash for his Twitter takeover bid, which could mean selling some of his Tesla stock holdings, to close the deal.

Twitter's board agreed on Monday to accept a takeover offer from Mr. Musk.

Shares in Tesla fell sharply earlier this week over worries that Mr. Musk would sell part of his stake in the carmaker to fund the deal.

On Friday, he claimed "No further TSLA sales planned after today" on Twitter.

Read More: Elon Musk sold around $4 billion worth of Tesla shares

SEC Filings

1,576,984 shares:

https://www.sec.gov/Archives/edgar/data/1318605/000089924322015989/xslF345X03/doc4.xml

2,611,217 shares:

https://www.sec.gov/Archives/edgar/data/1318605/000089924322015991/xslF345X03/doc4.xml

1,041,799 shares:
https://www.sec.gov/Archives/edgar/data/0001318605/000089924322015995/xslF345X03/doc4.xml

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