It has been revealed that American electric car maker Elon Musk, CEO of Tesla, has sold more than 1 trillion yen worth of Tesla shares in Japanese yen.
It is expected to be used to fund the acquisition of Twitter, a major social media company.
According to materials released by the US Securities and Exchange Commission by the 29th, Tesla CEO Elon Musk, the world's richest man, has sold 9.6 million Tesla shares.
The total sale amount is about 8.5 billion dollars, which is 1.1 trillion yen in Japanese yen.
So far, Musk has announced that he has secured $ 46.5 billion in acquisitions of U.S. social media giant Twitter, of which $ 21 billion, excluding funding from financial institutions, will be self-funded. However, the specific method has not been clarified.
While it has huge assets, most of which are said to be shares, it is expected that the funds obtained from this sale of Tesla shares will be used for the acquisition of Twitter.
The acquisition still requires more than $ 10 billion in self-financing, but Mr. Musk posted on Twitter that "I have no plans to sell Tesla shares since today," and how to use the remaining funds. There is a lot of interest in whether or not to work on it.