New Delhi: Tesla CEO Elon Musk has teased the launch of a brand new social media website named X.com amid the authorized battle with Twitter. X.com was the area title of a startup Musk based 20 years again, which he later merged with monetary providers firm PayPal. When requested has he thought of creating his personal social platform if the Twitter deal would not come by way of, Musk replied: “X.com.” Elon Musk Sells Tesla Shares Value USD 6.88 Billion.
After promoting its electrical automobile firm shares price practically $7 billion, the Tesla and SpaceX CEO stated he would repurchase Tesla inventory if the Twitter deal didn’t shut. When requested by a person on the microblogging platform if he’s finished promoting Tesla inventory, the tech billionaire replied affirmatively.
— Elon Musk (@elonmusk) August 10, 2022
“Yes. In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners do not come through, it is important to avoid an emergency sale of Tesla stock,” Musk wrote on Twitter.
In the meantime, whereas replying to a different person who requested “If the Twitter deal does not close, will you buy Tesla stock again,” Musk replied, “Yes.”
As per a report, Musk offered 7.92 million firm shares price round $6.88 billion. Musk’s transactions occurred between August 5 and August 9, the US Securities and Trade Fee (SEC) filings revealed, following Tesla’s 2022 annual shareholder assembly on August 4 in Austin, Texas. Musk and Twitter are locked in an intense authorized battle over cancellation of the $44 billion takeover deal, and the five-process will begin in a US court docket from October 17.
(The above story first appeared on OKEEDA on Aug 12, 2022 09:44 AM IST. For extra information and updates on politics, world, sports activities, leisure and way of life, go browsing to our website latestly.com).
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