Elon Musk has sold $3.9bn of his Tesla stock in the period since moving into Twitter HQ, pushing his total sales since announcing the bid towards $20bn.
Since completing the takeover bid on 28 October, Tesla's share price has fallen 16.8%, according to data from MarketWatch, while year-to-date the price of stock has fallen 52.5%. This sale marks Musk's third offloading of the electric vehicle company's shares, with $8.5bn sold in April and a further $6.9bn in August, pushing the total amount to $19.3bn since Twitter's board agreed to the all-cash takeover. Twitter takeover lenders plan to hold $12.7bn debt until early 2023 - reports This is the second large campaign of Tesla share sales from the CEO, having offloaded a similar tota...
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