ANI
10 Aug 2022, 16:55 GMT+10
Washington [US], August 10 (ANI): Elon Musk, the world's richest man, has sold 7.92 million shares of Tesla Inc worth around $6.88 billion, as per a series of regulatory filings by the company.
According to the Securities and Exchange Commission (SEC), Elon Musk, CEO, Tesla Inc, sold around 7.92 million shares of the company between August 5 and August 9.
Musk has sold Tesla shares just months after declaring that he would not sell any more stock of the company.
"No further TSLA sales planned after today," Elon Musk had said in a tweet on April 29.
Tesla share price has slumped by around 30 per cent so far this year. The scrip traded at around $850 on Tuesday.
Musk is involved in a high-stakes legal battle with microblogging site Twitter. Twitter recently sued Musk after he decided to back out of the $44 billion takeover deal.
In April, Musk reached an acquisition agreement with Twitter at $54.20 per share in a transaction valued at approximately $44 billion. However, Musk put the deal on hold in May to allow his team to review the veracity of Twitter's claim that less than 5 per cent of accounts on the platform are bots or spam.
Back in June, Musk had openly accused the microblogging website of breaching the merger agreement and threatened to walk away and call off the acquisition of the social media company for not providing the data he has requested on spam and fake accounts. Musk alleged that Twitter is "actively resisting and thwarting his information rights" as outlined by the deal, CNN reported, citing the letter he sent to Twitter's head of legal, policy and trust, Vijaya Gadde. (ANI)
Get a daily dose of Shanghai Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Shanghai Sun.
More InformationSAN FRANCISCO, California: Sam Altman, CEO of ChatGPT-maker OpenAI, has said the company could consider leaving Europe if it could ...
WASHINGTON D.C.: Reuters has reported that US President Joe Biden's nominee for a federal judge position in Kansas, Jabari Wamble, ...
WASHINGTON D.C.: Jennifer Homendy, head of the US National Transportation Safety Board, has said the US will investigate recent near ...
MIAMI, Florida: Four Chinese citizens living in Florida have sued the state over a new law barring citizens of China ...
OSLO, Norway: Norwegian Defense Minister Bjoern Arild Gram has said that Norway would conduct training programs for Ukrainian pilots in ...
LOS ANGELES, California: Reuters has reported that California is seeking approval from the the Biden administration to require all new ...
BEIJING, China: An official report released this week stated that the collapse of a nine-story building in central China in ...
CANBERRA, Australia: Australian Prime Minister Anthony Albanese has expressed his support of a joint statement by the Group of Seven ...
Washington says it's received no response from Beijing to a request for a meeting between the countries? defense chiefsThe Pentagon's ...
Islamabad [Pakistan], May 28 (ANI): The newly appointed Pakistan Tehreek-e-Insaf (PTI) general secretary Omar Ayub Khan on Sunday alleged that ...
Hong Kong on Saturday 'strongly condemned' rights group Amnesty International for alleging that a Uyghur man had gone missing after ...
Washington says it's received no response from Beijing to a request for a meeting between the countries? defense chiefsThe Pentagon's ...