San Francisco, Aug 10 : After selling its shares of the electric vehicle company that are worth $7 billion Tesla as well as SpaceX CEO Elon Musk on Wednesday announced that he will repurchase Tesla shares in the event that the Twitter deal did not end.When asked by one of the users on the microblogging site to confirm if he has stopped selling Tesla shares the billionaire tech entrepreneur replied positively.
“Yes.If in the (hopefully unlikely) scenario that Twitter obliges this deal to close, and if some equity partners don’t succeed, it is essential to prevent an urgent sale of Tesla shares,” Musk wrote on Twitter.
While responding to a user, who inquired “if the Twitter deal doesn’t close, can you be able to purchase Tesla stocks again?” He responded, “Yes”.
According to a report, Musk reported that Musk sold 7.92 million shares of company stock valued at $6.88 billion.
Musk’s transactions took place between August 5 between August 5 and August 9, the US Securities and Exchange Commission (SEC) documents revealed after Tesla’s 2022 annual shareholder meeting held on August 4.in Austin, Texas.
In the spring of this year the tech billionaire posted on his social networks that he was planning “no additional Tesla sales in mind” beyond April 28.
The following week, SEC filings revealed Musk was selling an entire block of shares in his electric car business worth $8.4 billion.
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