wp-plugin-hostgator domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114ol-scrapes domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home4/scienrds/scienceandnerds/wp-includes/functions.php on line 6114Source: https:\/\/www.theverge.com\/2022\/8\/9\/23299343\/elon-musk-tesla-stock-sells-twitter-trial<\/a> 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 No further TSLA sales planned after today<\/p>\n \u2014 Elon Musk (@elonmusk) April 29, 2022<\/a>\n<\/p><\/blockquote>\n<\/div>\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
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