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Elon Musk sells massive $6.9 billion chunk of Tesla (TSLA) stake

Tesla Elon Musk

Tesla has disclosed that CEO Elon Musk sold around $6.9 billion worth of Tesla (TSLA) shares last week.

It’s a significant chunk of his Tesla stake, but the reason behind the sale is unknown as of now. A Twitter settlement maybe?

Update: Musk has commented on the sale, and we have added those comments to the end of this article.

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Tesla (TSLA) falls 10% amid ‘Elongate scandal,’ Musk denies the claim & challenges alleged victim’s friend

Tesla (TSLA) stock has fallen by as much as 10% today after the allegation of sexual misconduct against CEO Elon Musk came out, which is now being called the ‘Elongate’ scandal. Musk has now denied the claim and even challenged the alleged victim’s friend who shared the story.

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Tesla’s stock (TSLA) takes a beating amidst confusion over Twitter acquisition – is Elon selling? (U: Yes)

Elon Musk Tesla

Update: Musk reported selling 4.4M TSLA shares valued at close to $4B on Tuesday, driving the price down over 100 points and likely to purchase TWTR shares. Musk noted this evening that he wouldn’t sell any additional TSLA shares.

Tesla’s stock (TSLA) is currently taking a beating and losing over $150 billion in value amidst the confusion around Elon Musk’s Twitter(TWTR) acquisition. The main question on investors’ minds is: is Elon Musk selling Tesla stocks?

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Leaked Elon Musk text messages confirm what everyone knew about Tesla’s take-private deal

Tesla Elon Musk

As part of a lawsuit between shareholders and Elon Musk regarding his “funding secured” tweet, new text messages and emails between Musk and people involved have been released.

The communications pretty much confirmed how most people saw the situation: Elon Musk took a meeting with the head of Saudi Arabia’s Public Investment Fund (PIF) and had early discussions about taking Tesla private, which he took as enough to say that the “funding was secured”.

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Elon Musk boldly says ‘join Tesla’s $12K FSD’ to find out how it is doing when asked to share data about progress

Tesla-Crypto

During Tesla’s Q1 2022 earnings call, Elon Musk was asked to share data that show progress with Tesla’s Full Self-Driving (FSD) Beta program. Instead of sharing this data, however, the CEO suggested that people wanting to assess the progress of Tesla FSD should just “join the Beta,” which requires buying the controversial $12,000 package.

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Elon Musk claims that ‘funding was secured’ in infamous Tesla ‘420 take private’ attempt, but SEC/banks forced him to settle

VW CEO Hebert Diess Tesla CEO Elon Musk selfie hero

Elon Musk opened up in a new interview yesterday about the SEC lawsuit regarding his attempt to take Tesla private back in 2018 and his infamous “funding secured” announcement.

The Tesla CEO now claims funding was indeed secured and that he was forced to settle with the SEC because the company’s banks were telling him that he wouldn’t be able to secure additional funding if he kept fighting the lawsuit.

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