Elons Musk Sells $7 Billion Worth of Tesla Shares, Twitter Stock Reacts
The SEC filings have just revealed that Elon Musk sold 7.92 million shares of Tesla in the period between August 5 and August 9.
The total value of the sold shares comes to around $7 billion.
As a result, Tesla’s share price fell down by 3%. However, Twitter stock has risen by 5% in response to the news. The sale of Tesla shares is a measure to avoid an emergency selloff in case Twitter is successful in forcing Musk to close the deal and buy Twitter for $44 billion.
Dogecoin is known to react to Elon Musk’s movements. In the last 24 hours, the price of the token has surged by over 3%.
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