Elon Musk, CEO of Tesla, has recently sold 7.92 million shares of the automaker for an approximate value of 7,000 million dollars (6,700 million euros). We do not know if this arises as a need to face the possible forced payment of Twitter, or if, on the contrary, we are seeing how his empire begins to fade.
This is not the first time this has happened, as Musk sold some $8.5 billion worth of Tesla stock in April after announcing his Twitter purchase deal.
Let’s just remember that Elon Musk and Twitter are going to trial from 17 to 21 Octoberdue to the reversal made by the CEO of Tesla with the millionaire purchase of Twitter that so many media outlets were covering.
What changed Musk’s mind was that Twitter failed to prove that fake accounts make up less than 5% of the total number of Twitter users. However, just 3 days ago we reported that apparently all is not lost and Elon Musk is not completely closed to acquiring Twitter for those reasons. 44,000 million dollars.
All this will be possible, as he himself has stated on his Twitter account, if the company is capable of provide a sampling method where they prove that their accounts are real.
Musk is also facing lawsuits from Twitter shareholders. A Twitter investor who owns 5,500 shares of Twitter has sued him, urging the Delaware Chancery Court to enforce the merger agreement, CNET reported.
With all this, It seems that things look pretty ugly for the billionaire and it is expected that you will need enough money in your accounts to face everything that comes.
“In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don’t come along, it’s important to avoid an emergency sale of Tesla stock.” Musk said in a tweet Tuesday night.
For his part, he alleges that he was tricked by Twitter into signing a $44 billion deal for the purchase of the platform and that, furthermore, Twitter did not provide him with information to verify that less than 5% of the more than 220 million of daily Twitter users were spam or fake.