Sharjah24 - AFP: More than a week after completing his $44 billion acquisition of Twitter, Tesla CEO Elon Musk sold roughly $4 billion worth of shares in the electric vehicle manufacturer, according to SEC papers released on Tuesday.
Musk has been pushing for ways to pay for the massive deal, for which he took on billions of dollars in debt and earlier sold $15.5 billion worth of shares in Tesla.
On Tuesday, documents filed with the US Securities and Exchange Commission (SEC) indicated that he had disposed of more than another 19 million shares, worth in excess of $3.9 billion.
Musk took control of Twitter and fired its top executives in late October, after a drawn-out back-and-forth between the world's richest person and the influential social media company.
The billionaire initially tried to step back from the deal after his unsolicited offer was accepted in April.
He said in July that he was canceling the contract because he had been misled by Twitter over the number of fake "bot" accounts, allegations rejected by the company.
After Musk sought to terminate the sale, Twitter filed a lawsuit to hold the entrepreneur to the agreement. With a trial looming, he revived his takeover plan.
For an optimal experience, please
