Elon Musk adjustments plans, sells $6.9 billion in Tesla shares with Twitter trial looming


Kristen Radtke / The Verge; Getty Photos

With a lot of the world’s richest man’s wealth tied up in shares of his electrical automotive firm, Tesla is part of the deal Elon doesn’t wish to do anymore for extra causes than only a few subpoenas. Six SEC filings (1, 2, 3, 4, 5, 6) revealed Elon Musk bought extra Tesla shares over the previous few days, which is shocking given Musk’s tweet saying, “No additional TSLA gross sales deliberate after at the moment,” after he bought off $8.Four billion value in April.

Tesla investor Sawyer Merritt tweeted a rely of Musk’s exercise between August fifth and August ninth, exhibiting he bought 7,924,107 shares value about $6.9 billion. Simply earlier than 11PM ET, Elon responded on Twitter, citing the looming trial in opposition to Twitter as an evidence for the brand new plan.

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