Again? But Why? Yes, the world’s richest man has now sold some of his princely assets to raise money, which is believed to have been to pay off debts of his newly bought social media platform Twitter. As reported by TechCrunch, recently Elon Musk has sold millions of Tesla shares which retail for $191.30 currently.
According to three filings with the U.S. Securities and Exchange Commission, he sold around 19.5 million shares Tuesday, which is worth about $3.95 billion. This time though Elon, who is very open on his own social media platform literally, has not disclosed anything about this deal though.
Most media outlets believe that this is mostly a cause to reform Twitter which he recently bought for a whopping $44 billion. Previously, Elon Musk had sold 9.5 million shares in April this year which at that time was worth $885.42 and since then Tesla issued something called a three-in-one stock split, bringing the cost of each share down.
