{"id":11999,"date":"2022-08-10T14:38:11","date_gmt":"2022-08-10T14:38:11","guid":{"rendered":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/"},"modified":"2022-08-10T14:38:12","modified_gmt":"2022-08-10T14:38:12","slug":"elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/","title":{"rendered":"Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming"},"content":{"rendered":"

Source: https:\/\/www.theverge.com\/2022\/8\/9\/23299343\/elon-musk-tesla-stock-sells-twitter-trial<\/a>
\n
<\/br><\/code><\/p>\n

\n

With so much of the world\u2019s richest man\u2019s wealth tied up in shares of his electric car company, Tesla is a part of the deal Elon doesn\u2019t want to do anymore <\/a>for more reasons than just a few subpoenas<\/a>. Six SEC filings (1<\/a>, 2<\/a>, 3<\/a>, 4<\/a>, 5<\/a>, 6<\/a>) revealed Elon Musk sold more Tesla shares over the last few days, which is surprising given Musk\u2019s tweet<\/a> saying, \u201cNo further TSLA sales planned after today,\u201d after he sold off $8.4 billion worth in April. <\/p>\n

Tesla investor Sawyer Merritt tweeted<\/a> a count of Musk\u2019s activity between August 5th and August 9th, showing he sold 7,924,107 shares worth about $6.9 billion. Just before 11PM ET, Elon responded on Twitter<\/a>, citing the looming trial against Twitter as an explanation for the new plan.<\/p>\n

\n
\n

No further TSLA sales planned after today<\/p>\n

\u2014 Elon Musk (@elonmusk) April 29, 2022<\/a>\n<\/p><\/blockquote>\n<\/div>\n

\n
\n

Yes. <\/p>\n

In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don\u2019t come through, it is important to avoid an emergency sale of Tesla stock.<\/p>\n

\u2014 Elon Musk (@elonmusk) August 10, 2022<\/a>\n<\/p><\/blockquote>\n<\/div>\n

Musk sold those shares earlier this year to help finance the acquisition of Twitter, and now that he\u2019s trying to exit the arrangement, they\u2019re going to battle it out in a Delaware courtroom starting on October 17th<\/a>. Twitter CEO Parag Agrawal isn\u2019t taking the bait on Elon\u2019s challenge for a public debate<\/a>, plus there\u2019s no word of any pending settlement. Musk now says he has a reason to prepare for \u201cthe (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don\u2019t come through.\u201d If that happens, Musk said, he\u2019s trying to avoid an emergency sale of Tesla stock.<\/p>\n

Exactly how investors will react to word that Musk is done selling (again) is unknown; however, the price of Tesla shares stayed flat at around $850 in after-hours trading. Wedbush analyst Dan Ives tweets<\/a>, \u201cMusk selling TSLA stock after he said no more sales will lead the Street to focus on chances of Twitter deal happening and Musk preparing cash portion … This stock sale will raise a lot of conversation on Street for bulls\/bears in the morning.\u201d<\/p>\n<\/div>\n


<\/br><\/code><\/p>\n

Source: https:\/\/www.theverge.com\/2022\/8\/9\/23299343\/elon-musk-tesla-stock-sells-twitter-trial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Source: With so much of the world\u2019s richest man\u2019s wealth tied up in shares of his electric car company, Tesla is a part of the deal Elon doesn\u2019t want to do anymore for more reasons than just a few subpoenas. Six SEC filings (1, 2, 3, 4, 5, 6) revealed Elon Musk sold more Tesla […]<\/p>\n","protected":false},"author":1,"featured_media":12000,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","om_disable_all_campaigns":false,"pagelayer_contact_templates":[],"_pagelayer_content":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[126,8],"tags":[127],"class_list":["post-11999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elon-musk","category-technology","tag-elon-musk"],"yoast_head":"\nElon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming - Science and Nerds<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming - Science and Nerds\" \/>\n<meta property=\"og:description\" content=\"Source: With so much of the world\u2019s richest man\u2019s wealth tied up in shares of his electric car company, Tesla is a part of the deal Elon doesn\u2019t want to do anymore for more reasons than just a few subpoenas. Six SEC filings (1, 2, 3, 4, 5, 6) revealed Elon Musk sold more Tesla […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/\" \/>\n<meta property=\"og:site_name\" content=\"Science and Nerds\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-10T14:38:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-10T14:38:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming_62f3c2d3d2b8a.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"628\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/\",\"url\":\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/\",\"name\":\"Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming - Science and Nerds\",\"isPartOf\":{\"@id\":\"https:\/\/scienceandnerds.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming_62f3c2d3d2b8a.jpeg?fit=1200%2C628&ssl=1\",\"datePublished\":\"2022-08-10T14:38:11+00:00\",\"dateModified\":\"2022-08-10T14:38:12+00:00\",\"author\":{\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\"},\"breadcrumb\":{\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming_62f3c2d3d2b8a.jpeg?fit=1200%2C628&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming_62f3c2d3d2b8a.jpeg?fit=1200%2C628&ssl=1\",\"width\":1200,\"height\":628},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/scienceandnerds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/scienceandnerds.com\/#website\",\"url\":\"https:\/\/scienceandnerds.com\/\",\"name\":\"Science and Nerds\",\"description\":\"My WordPress Blog\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/scienceandnerds.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/scienceandnerds.com\"],\"url\":\"https:\/\/scienceandnerds.com\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming - Science and Nerds","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/","og_locale":"en_US","og_type":"article","og_title":"Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming - Science and Nerds","og_description":"Source: With so much of the world\u2019s richest man\u2019s wealth tied up in shares of his electric car company, Tesla is a part of the deal Elon doesn\u2019t want to do anymore for more reasons than just a few subpoenas. Six SEC filings (1, 2, 3, 4, 5, 6) revealed Elon Musk sold more Tesla […]","og_url":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/","og_site_name":"Science and Nerds","article_published_time":"2022-08-10T14:38:11+00:00","article_modified_time":"2022-08-10T14:38:12+00:00","og_image":[{"width":1200,"height":628,"url":"https:\/\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming_62f3c2d3d2b8a.jpeg","type":"image\/jpeg"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/","url":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/","name":"Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming - Science and Nerds","isPartOf":{"@id":"https:\/\/scienceandnerds.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#primaryimage"},"image":{"@id":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming_62f3c2d3d2b8a.jpeg?fit=1200%2C628&ssl=1","datePublished":"2022-08-10T14:38:11+00:00","dateModified":"2022-08-10T14:38:12+00:00","author":{"@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e"},"breadcrumb":{"@id":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#primaryimage","url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming_62f3c2d3d2b8a.jpeg?fit=1200%2C628&ssl=1","contentUrl":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming_62f3c2d3d2b8a.jpeg?fit=1200%2C628&ssl=1","width":1200,"height":628},{"@type":"BreadcrumbList","@id":"https:\/\/scienceandnerds.com\/2022\/08\/10\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/scienceandnerds.com\/"},{"@type":"ListItem","position":2,"name":"Elon Musk changes plans, sells $6.9 billion in Tesla shares with Twitter trial looming"}]},{"@type":"WebSite","@id":"https:\/\/scienceandnerds.com\/#website","url":"https:\/\/scienceandnerds.com\/","name":"Science and Nerds","description":"My WordPress Blog","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/scienceandnerds.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/ea2991abeb2b9ab04b32790dff28360e","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/scienceandnerds.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7e6e14fc6691445ef2b2c0a3a6c43882?s=96&d=mm&r=g","caption":"admin"},"sameAs":["https:\/\/scienceandnerds.com"],"url":"https:\/\/scienceandnerds.com\/author\/admin\/"}]}},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/scienceandnerds.com\/wp-content\/uploads\/2022\/08\/elon-musk-changes-plans-sells-6-9-billion-in-tesla-shares-with-twitter-trial-looming_62f3c2d3d2b8a.jpeg?fit=1200%2C628&ssl=1","_links":{"self":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/11999"}],"collection":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/comments?post=11999"}],"version-history":[{"count":1,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/11999\/revisions"}],"predecessor-version":[{"id":12001,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/posts\/11999\/revisions\/12001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media\/12000"}],"wp:attachment":[{"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/media?parent=11999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/categories?post=11999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/scienceandnerds.com\/wp-json\/wp\/v2\/tags?post=11999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}