Musk offloads at least R70 billion in Tesla shares after Twitter buyout

[Hanno Labuschagne]

Musk offloads at least R70 billion in Tesla shares after Twitter buyout

Tesla Inc. Chief Executive Officer Elon Musk sold at least $3.95 billion (R70.02 billion) of the electric-vehicle maker’s shares just days after closing his buyout of Twitter Inc.

Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August.

[Bloomberg]

 

[TelkomUseless]

And in April he said no more selling...

Elon Musk sells $4B in Tesla stock, announces no further sales planned

Tesla CEO Elon Musk, who made waves this week when the Twitter board agreed to accept his buyout deal, announced he had sold $4.4 billion in Tesla shares Thursday, announcing that he would make no more sales after that day.

www.foxbusiness.com

So was Twitter not that great investment then ?