Index Investing News
Friday, May 9, 2025
No Result
View All Result
  • Login
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion
No Result
View All Result
Index Investing News
No Result
View All Result

Elon Musk sells practically $7B US in Tesla shares forward of Twitter struggle

by Index Investing News
August 10, 2022
in World
Reading Time: 2 mins read
A A
0
Home World
Share on FacebookShare on Twitter


Elon Musk has bought practically $7 billion US price of shares in Tesla because the billionaire will get his funds so as forward of his court docket battle with Twitter.

Musk disclosed in a collection of regulatory filings that he unloaded about eight million shares of his firm Tesla Inc. in current days.

“Within the (hopefully unlikely) occasion that Twitter forces this deal to shut and a few fairness companions do not come by means of, you will need to keep away from an emergency sale of Tesla inventory,” Musk tweeted late Tuesday.

Musk is by far the most important particular person shareholder in each Tesla and Twitter.

Shares of Tesla rose virtually two per cent earlier than the opening bell Wednesday. Shares of Twitter Inc., up 16 per cent prior to now month with most believing Musk faces long-shot odds of success in court docket, jumped one other three per cent.

Musk supplied to purchase Twitter, then tried to again out

Musk countersued Twitter final week, accusing the corporate of fraud over his aborted $44-billion acquisition. He claimed that Twitter held again crucial data and misled his workforce concerning the dimension of its person base.

Musk alleges that Twitter dedicated fraud, breach of contract and violation of a securities regulation in Texas, the place Musk lives.

Musk supplied to purchase Twitter earlier this 12 months, then tried to again out of the deal claiming the social platform was infested with a bigger numbers of “spam bots” and faux accounts than Twitter had disclosed.

Musk mentioned within the spring that he deliberate no main gross sales of his stake in Tesla after lining up financing to accumulate Twitter, however Dan Ives, an business analyst with Wedbush, mentioned Wednesday that “the scenario has dramatically modified.”

Wedbush raised its goal worth for shares of Twitter, “With the possibilities of a Twitter deal now extra possible in our opinion and the Road seeing by means of this poker transfer by Musk,” Ives wrote to purchasers.

“We will additionally see Musk making an attempt to resolve this powder keg scenario earlier than the Twitter deal formally heads to court docket in October,” Ives went on. “At a minimal, we see Twitter getting an enormous settlement from Musk within the $5 billion to $10 billion vary that’s beginning to be factored into the inventory.”



Source link

Tags: aheadElonfightMusksellssharesTeslaTwitter
ShareTweetShareShare
Previous Post

Please do not pivot – The Reformed Dealer

Next Post

#1 Account Killer – Timothy Sykes

Related Posts

EU Ocean Management on the Line — International Points

EU Ocean Management on the Line — International Points

by Index Investing News
May 9, 2025
0

Credit score: Josh SorensonOpinion by Pascal Lamy, Genevieve Pons (paris / brussels)Friday, Could 09, 2025Inter Press ServicePARIS / BRUSSELS, Could 09...

Who’s Successful the Intelligence Struggle in Ukraine?

Who’s Successful the Intelligence Struggle in Ukraine?

by Index Investing News
May 9, 2025
0

Kyiv Safety Discussion board Thursday.  The Discussion board introduced previous and current navy, intelligence, and political leaders to the Ukrainian...

Man Utd beat Athletic Membership to arrange Europa League ultimate with Tottenham | Soccer Information

Man Utd beat Athletic Membership to arrange Europa League ultimate with Tottenham | Soccer Information

by Index Investing News
May 8, 2025
0

Mason Mount scores twice as Manchester United come from behind to win 4-1 towards Athletic of their semifinal.Manchester United produced...

Why do popes change their names?

Why do popes change their names?

by Index Investing News
May 8, 2025
0

Robert Prevost, the first-ever American pope, will take the identify Leo XIV. ROME, Metropolitan Metropolis of Rome Capital — Cardinal...

Circus horror as fire-eater units fireplace to huge prime tent with 113 youngsters inside leaving a number of injured in inferno

Circus horror as fire-eater units fireplace to huge prime tent with 113 youngsters inside leaving a number of injured in inferno

by Index Investing News
May 8, 2025
0

A FIRE-EATER has set fireplace to an enormous prime circus tent with 113 youngsters inside, leaving a number of folks...

Next Post
#1 Account Killer – Timothy Sykes

#1 Account Killer - Timothy Sykes

Revisiting Firms That Had Their IPO in 2018

Revisiting Firms That Had Their IPO in 2018

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

How to Invest In the  Billion Future of AI

How to Invest In the $52 Billion Future of AI

May 16, 2023
Mr. Trump, Meet Princess Mathilde

Mr. Trump, Meet Princess Mathilde

January 18, 2024
DBS profit soars to record, flags risks of rising rates to growth By Reuters

DBS profit soars to record, flags risks of rising rates to growth By Reuters

November 3, 2022
Utah author of children’s book on grief charged with homicide

Utah author of children’s book on grief charged with homicide

May 9, 2023
How Christian groups helped parents pull books from some Pennsylvania school libraries By Reuters

How Christian groups helped parents pull books from some Pennsylvania school libraries By Reuters

June 24, 2023
Federal Reserve chief Jay Powell performs down progress worries after jobs report disappoints

Federal Reserve chief Jay Powell performs down progress worries after jobs report disappoints

March 8, 2025
The 15 Best Summer Wedding Guest Dresses for 2023

The 15 Best Summer Wedding Guest Dresses for 2023

May 22, 2023
‘The Professional-Life Era’: Younger Girls Combat Towards Abortion Rights

‘The Professional-Life Era’: Younger Girls Combat Towards Abortion Rights

July 4, 2022
Index Investing News

Get the latest news and follow the coverage of Investing, World News, Stocks, Market Analysis, Business & Financial News, and more from the top trusted sources.

  • 1717575246.7
  • Browse the latest news about investing and more
  • Contact us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Terms and Conditions
  • xtw18387b488

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • Investing
  • Financial
  • Economy
  • Markets
  • Stocks
  • Crypto
  • Property
  • Sport
  • Entertainment
  • Opinion

Copyright © 2022 - Index Investing News.
Index Investing News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In