Ford's PR Director Trolls Elon Musk For Offloading $6.9B Tesla Shares | Carscoops carscoops
, sharing a screenshot of a tweet that Musk made in late April when he said “No further TSLA sales planned after today.” This came after he sold about $8.5 billion in Tesla shares to help fund his acquisition of Twitter.Grab Some Popcorn, Ford’s Mike Levine And Tesla Fans Are Bickering About EV Quality Issues
When the deal was first announced, Musk said he would purchase Twitter with approximately $33.5 billion in cash, alongside $13 billion in debt financing. The cash would come through a combination of his own funds and money from outside investors, including the likes of venture capital firm Andreessen Horowitz and Larry Ellison to the tune of $7.1 billion.
“The [stock] sales make clear he intends to honor court orders,” Tulane Law School professor of corporate governance Ann M. Lipton said.
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