Elon Musk sells 4 billion Tesla shares to buy Twitter

The sale of Tesla securities should allow Elon Musk to partially finance the takeover of Twitter.

AP - Patrick Pleul

Text by: RFI Follow

1 min

Elon Musk needs cash.

The billionaire must finance the takeover of Twitter formalized a week ago.

He has therefore sold in recent days for nearly 4 billion of his shares in Tesla.

Concern is rising on the side of the automaker.

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A takeover announced with great fanfare,

decided immediately… Elon Musk took over Twitter with a bang. 

►Also read: United States: "the bird is freed", Elon Musk confirms the takeover of Twitter

He must now finance this operation.

Total cost of the social network for the businessman: 44 billion dollars.

It is for this reason that he is selling his Tesla shares.

More than 19 million actions between last Friday and this Tuesday, November 8.

A total of 4 billion dollars to finance the social network which presents results at half mast this year. 

At Tesla, some are beginning to worry.

Their boss is very active for Twitter, but much less for the automaker.

Shareholders are worried about the share price, which has fallen by around thirty dollars in a few days. 

Elon Musk retorts.

No, he is not losing interest in Tesla “

”.

And that he said, on his Twitter account of course

►Also read: 

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• Elon Musk

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