Elon Musk dumps a hefty load of Tesla stocks

In the run-up to the deal with Twitter, Elon Musk is selling part of his Tesla shares.

Elon Musk is one of the richest people in the world. Not with money in the bank, but especially with share ownership. Musk has a huge net worth in Tesla, among other things. As you may know, or should have said, Musk is interested in buying Twitter.

Should Twitter force the deal and demand $44 billion from Elon Musk, Musk must have that money. That’s why uncle Musk has now decided to sell some shares. In the period from August 5 to 9, the entrepreneur sold no less than $ 7 billion worth of Tesla shares.

On Twitter, Elon Musk says he is done with dumping his Tesla shares for the time being. He also says he will buy back the shares if the deal with Twitter does not go through. Now the SpaceX man often says things on Twitter, so it’s always good to be careful with these kinds of statements.

Investors in Tesla are obviously not up to date with Musk’s actions. Dumping large amounts of shares has an adverse effect on Tesla’s stock market value. In recent days, Tesla’s share has fallen by several percent.