December 2, 2022

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Awesome Business

Elon Musk Has a Very Bad Surprise for Tesla Shareholders

4 min read

The fears of Tesla  (TSLA) – Get Free Report shareholders and fans are confirmed. 

Elon Musk, the CEO of the famous manufacturer of premium electric vehicles, is paying a hefty price for his acquisition of Twitter  (TWTR) – Get Free Report

And unsurprisingly, Tesla is paying the price. The billionaire has just sold 19.5 million shares of Tesla for a total amount of $3.95 billion, according to regulatory documents filed on November 8 in the evening.

The sale was completed in 38 transactions on November 4, 7 and 8, just days after the Twitter acquisition was completed. The tech tycoon had taken control of the social network on October 27 after a six-month battle marked by twists and turns and a stop in the courts.

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