Europe 1 with AFP 10:34 a.m., August 10, 2022, modified at 10:34 a.m., August 10, 2022
Tesla boss Elon Musk, engaged in a legal battle with the social network Twitter, has sold almost $7 billion of shares in the automotive group, according to a document from the SEC, the American stock market policeman, published on Tuesday.
According to the same document, the multi-billionaire would have sold 7.9 million Tesla shares between August 5 and 9.
Elon Musk has sold almost $7 billion worth of shares in the automotive group Tesla, according to a document filed with the SEC, the American stock market policeman, and published on the latter's website on Tuesday.
The multi-billionaire and Tesla boss, currently engaged in a legal standoff over the takeover of the social network Twitter, sold around 7.9 million Tesla shares between August 5 and August 9, according to the same document.
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On his Twitter account, Elon Musk explained that he wanted to "avoid an emergency sale of Tesla securities", if he is forced to buy Twitter and some of these financial partners do not follow through.
Elon Musk on Saturday challenged the boss of Twitter to publicly debate and prove the share of false accounts on the social network, a point of disagreement put forward by the American multi-billionaire to withdraw his purchase offer, launching a legal battle.
Elon Musk had signed a $ 44 billion agreement in April to buy the social network, before breaking it unilaterally in early July.
He believes that Twitter lied about the proportion of automated accounts and spam on its platform, and even claims that the social network has "frauded", by deliberately increasing the number of monetizable accounts.
In April, the boss of Tesla had already sold some $8.5 billion worth of shares in his automotive group to prepare for the acquisition of the social network.