Elon Musk Sells Tesla Inc. Shares, Makes Warfare Buy Twitter Inc.

JAKARTA - Tesla Inc's Chief Executive Officer, Elon Musk, finally chose to sell his stake worth 8.5 billion US dollars (Rp 123.4 trillion) in the electric car factory. This is known from US securities notices. Musk's possible stock sale is in an attempt to help finance a planned purchase of Twitter Inc.

Musk said in a tweet on Thursday that "no further TSLA sales are planned after today". He sold about 9.6 million shares this week, according to filings on Thursday and Friday, the equivalent of his 5.6% stake in the company.

It's unclear whether all of Tesla's recent stock sales have been properly reported. Tesla did not immediately respond to a request for comment from Reuters on the possibility.

The sale comes after Musk on Monday, April 25, struck a deal to buy Twitter for $44 billion in cash in a transaction that would shift control of the social media platform home to millions of users and global leaders to the world's richest man. that.

As part of the deal, Musk said he would commit $21 billion in equity.

It is not clear how the billionaire will raise the remaining $12.5 billion from equity financing. Musk holds a 43.61% stake in rocket company SpaceX, which is reportedly worth $100 billion.

As a result of Musk's sale, it was reported that Tesla's shares rose about 5% in morning trading Friday, April 29.