Elon Musk Sells Almost $4 Billion Of Tesla Car Shares

At the beginning of this year, Elon Musk announced the purchase of Twitter for 44 billion dollars. After Elon Musk took responsibility as the new owner of Twitter, one of the world's social media and micro-blogging sites, many issues of Twitter were discussed in various ways.

Recently, the richest man in the world announced the sale of $3.95 billion worth of shares of his electric car company Tesla. This information was reported in a BBC news today.

Tesla Electric Car By Elon Musk

BBC reported on their website, in the announcement of the sale of these shares to the US stock market, Elon Musk said that he will sell 19.5 million shares of the Tesla company, which has a current market value of about $3.95 billion.

Elon Musk has announced the sale of a large number of shares in Tesla, the first electric car maker since owning Twitter. Tesla is currently fully owned by Elon Musk. It is believed that Elon Musk is investing in Twitter by selling shares of Tesla.


Elon Musk has announced the sale of Tesla's shares worth $20 billion this year as a result of announcing a new share sale of $3.95 billion.

However, Tesla's share price has fallen more than 50 percent since the beginning of this year. And recently Elon Musk collected 20 billion dollars by selling shares of Tesla.

Ever since Elon Musk took over as CEO of Twitter, he has started massive layoffs at the company. After assuming ownership and leadership, Twitter CEO Parag Agarwal was first fired and replaced by Elon Musk himself.

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