Aug 10, 2022

Multi-billionaire Elon Musk sells another $6.9bn of Tesla shares

Mr Musk says he needs the money in case he is forced to buy Twitter for $44bn. After news of the share sale was made public Mr Musk responded to a tweet asking whether he had finished selling Tesla shares with "Yes", adding that he needed the money in case he was forced to buy Twitter and was unable to secure some of the funding for the deal. In July, Mr Musk said he planned to walk away from his bid to buy Twitter, prompting the company to sue him. Last month, a US judge ruled that Twitter's lawsuit against Mr Musk should go to trial in October. Mr Musk has countersued Twitter, although the details of that lawsuit have not been made public.

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