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Elon Musk cashes in $6.9 billion of Tesla stock, just in case

1 month ago   |   By Ars Technica

Enlarge / Photo illustration by Chesnot/Getty Images
Within weeks of the Twitter board's approval of Elon Musk's unsolicited bid to take the company private, the South African-born billionaire came down with a severe case of buyer's remorse. Twitter was not happy, and after Musk decided not to go through with the purchase , the social media company quickly sued him. In advance of the trial, set for October despite Musk's attempts to push it back to 2023, Elon Musk is apparently preparing for the worst-case scenario of being forced to consummate the deal.
With Tesla stock on a rebound, Musk...
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Elon Musk Sells $7.92 Million Tesla Shares Worth $6.88 Billion

Elon Musk Sells $7.92 Million Tesla Shares Worth $6.88 Billion

1 month ago   |   By Geek News Central

How are things going with the Twitter - Musk lawsuit, that is scheduled for October of 2022? Signs point to it not going very well for Elon Musk, who wants to terminate his $44 billion deal to buy Twitter.
CNBC reported that Tesla CEO Elon Musk sold 7.92 million shares of Tesla worth around $6.88 billion, according to a series of financial filings published Tuesday night. According to CNBC, Musk's transactions occurred between Aug. 5 and 9, the SEC filings revealed, following Tesla's 2022 annual shareholder meeting on August 4 in Austin, Texas.
The centi-billionaire is in the midst of a...
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