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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Musk Sells Tesla Shares Worth $6.9 Billion, Cites Chance of Forced Twitter Deal

The Tesla, Inc. logo is displayed on a sign outside the Tesla Design Center in Hawthorne, California, on August 9, 2022. (AFP)

Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.

"In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock," he said in a tweet late on Tuesday.

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