Tech

Elon Musk sold $8.5B in Tesla stock after agreeing to $44B Twitter deal

Posted on Author admin Comments Off on Elon Musk sold $8.5B in Tesla stock after agreeing to $44B Twitter deal
SpaceX CEO Elon Musk standing with his arms crossed.

Enlarge / CEO Elon Musk at SpaceX Headquarters in Hawthorne, California, on October 10, 2019. (credit: Getty Images | NurPhoto)

Elon Musk has raised $8.5 billion from selling part of his stake in Tesla, boosting his cash position ahead of his planned purchase of Twitter.

The sales were made between Tuesday and Thursday, after Twitter’s board agreed to Musk’s $44 billion all-cash takeover approach.

The electric car maker’s share price slumped in the wake of news of the deal, with the drop blamed on concerns about potential share sales by Musk to finance the acquisition, though it also came amid a sharp fall in the wider stock market.

Read 9 remaining paragraphs | Comments

Related Articles
Entertainment Tech

John Cena shows off comedic chops in extended teaser for Peacemaker series

Posted on Author admin

Steve Cena reprises his role as Peacemaker for the forthcoming HBO Max spinoff series Peacemaker . John Cena’s Peacemaker was among the standout characters in The Suicide Squad ‘s star-studded ensemble cast, so we were intrigued by the news that a spinoff series was in the works. We knew that Peacemaker was being written and […]
Tech

Firefox continues Stripping down on Monitoring with cache partitioning

Posted on Author admin

Expand / / Implementing the browser cache into different pools averts complex timing probes that allow you website understand if you are logged into a different. (charge: Mozilla / / Jim Salter) Firefox variant 85 will likely be published from January 2021, and also among its attributes is raised user solitude via advancements in client-side […]
Tech

A SpaceX booster now trails only 4 space shuttles in flight experience

Posted on Author admin

Enlarge / The B1051 booster launches for the 10th time early on Sunday morning from Florida. (credit: SpaceX) SpaceX crossed a significant milestone on Sunday morning with yet another launch of 60 Starlink Internet satellites. These Starlink launches have become routine—and dare we say it, a little boring?—as SpaceX builds out its constellation to deliver […]