A filing showed that Tesla CEO Elon Musk owns 73.5 million Twitter shares, valuing his passive stake in the company at up to $2.9-billion based on the stock’s Friday close
on Monday, likely making him the biggest shareholder in the micro-blogging site and triggering a 23 per cent rise in its shares.
A prolific Twitter user, Musk has over 80 million followers since joining the site in 2009 and has used the platform to make several announcements, including teasing a go-private deal for Tesla that landed him in regulatory scrutiny. Musk has been selling his stake in Tesla since November, when he said he would offload 10 per cent of his holding in the electric-car maker. He has already sold $16.4-billion worth of shares since then.
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