• Home
  • About
  • Blog
  • Advertise
  • Contact
No Result
View All Result
Ideasgist
Advert for @ideasdmedia
  • Home
  • MediaHot
  • TechnologyNew
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • NewsTrending
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
  • Home
  • MediaHot
  • TechnologyNew
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • NewsTrending
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job
No Result
View All Result
Ideasgist
No Result
View All Result
  • Home
  • Media
  • Technology
  • Education
  • Sport
  • News
  • Entertainment
  • Lifestyle
  • More Topics
ADVERTISEMENT

Elon Musk Sells $8.5bn Worth Of Tesla Shares

Oluwaseyi Olaniyi by Oluwaseyi Olaniyi
May 1, 2022
in Tech, App
Reading Time: 2 mins read
A A
Support
0
South African Businessman, Elon Musk Replaces Jeff Bezos, Becomes Richest Person In the World

Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter.

The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.

Twitter’s board agreed on Monday to accept a takeover offer from Mr Musk.

Shares in Tesla fell sharply earlier this week, amid speculation that Mr Musk would sell part of his stake in the carmaker to fund the deal.

AlsoRead:

Elon Musk’s Starlink Names Payment Channel

Introducing Ectolife, the World’s First Artificial Womb Facility.

Twitter Founder Jack Dorsey is Creating a New Social Network. Look Out, Elon.

He tweeted on Thursday evening that he had no plans to sell any more of his shares in the electric carmaker.

Filings to the US Securities and Exchange Commission showed that Mr Musk sold a total of 9.6 million Tesla shares this week. The multi-billionaire still owns more than 15% of the company.

The move marked his first sale of Tesla shares since he offloaded $16.4bn worth of stock in November and December last year.

That came after he asked his nearly 89 million Twitter followers whether he should sell 10% of his stake in the electric car maker.

Tesla’s shares have fallen by around 20% since Mr Musk revealed earlier this month that he had bought a 9.2% stake in Twitter.

On Tuesday alone, more than $125bn was wiped off the car maker’s stock market value after the social media firm’s board accepted his takeover offer.

Mr Musk said he would commit $21bn of his assets to help finance the $44bn deal.

Investors expected he would sell Tesla shares to help fund the takeover.

Mr Musk is the world’s richest person, with an estimated net worth of almost $250bn, mostly due to his Tesla stake.

He also has a more than 40% stake in the rocket company SpaceX, which is estimated to be worth $100bn.


Like us on Facebook. Follow us Twitter and Instagram. Subscribe to our YouTube Channel. Join our WhatsApp Group and Telegram Channel. Read more on Latest News, Tech News, Media and lot more.

SUBSCRIBE TO OUR NEWSLETTER





Tags: Elon muskSharesTesla
ShareTweetSendShare

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT
Previous Post

Sultan Declares Monday As Eid-El-Fitr

Next Post

Twitter CEO Faces Employee Anger Over Musk Attacks At Company-wide Meeting

Oluwaseyi Olaniyi

Oluwaseyi Olaniyi

Related Posts

Img 20230222 133122 588
Tech

Elon Musk’s Starlink Names Payment Channel

February 22, 2023
Elon Musk Makes Aliko Dangote’s Net Worth In One Day, As Nigerian Billionaire Loses N105.33bn
Business

Elon Musk Makes Aliko Dangote’s Net Worth In One Day, As Nigerian Billionaire Loses N105.33bn

June 22, 2022
Twitter Appoints American Billionaire, Elon Musk To Its Board Of Directors
Tech

Elon Musk Threatens To Walk Away From Twitter Deal Over Alleged “Breach” Of Agreement

June 7, 2022
Starlink Has Been Approved In Nigeria And Mozambique – Elon Musk
Tech

Starlink Has Been Approved In Nigeria And Mozambique – Elon Musk

May 28, 2022
Twitter Appoints American Billionaire, Elon Musk To Its Board Of Directors
Tech

Elon Musk Threatens To Call Off Twitter Deal

May 17, 2022
Twitter Appoints American Billionaire, Elon Musk To Its Board Of Directors
Business

Twitter Deal ‘Temporarily On Hold’, Says Elon Musk

May 13, 2022
Load More
Next Post
Twitter CEO Faces Employee Anger Over Musk Attacks At Company-wide Meeting

Twitter CEO Faces Employee Anger Over Musk Attacks At Company-wide Meeting

Please login to join discussion

#Talk – Sp3ncer (Prod , m&m Deravibez)

https://ideasgist.com.ng/wp-content/uploads/2022/11/Talk-Sp3ncer-Prod-mm-Deravibez-mp3.mp3
  • Trending
  • Comments
  • Latest
mapoly

Mapoly: What Sundry Fee Means For Newly Admitted Students

November 22, 2018 - Updated on April 3, 2021

Download “To Whom It May Concern”

May 1, 2018
Gionee G13 Pro Price In Nigeria, Full Speculation

Gionee G13 Pro Price In Nigeria, Full Speculation

February 4, 2022

Arrangement Of Files – Mapoly

February 18, 2016
Man Laments After NIPOST Informed Him That IPhone 13 Pro-max Sent to Him From US Is Missing

Man Laments After NIPOST Informed Him That IPhone 13 Pro-max Sent to Him From US Is Missing

April 1, 2022 - Updated on August 29, 2022

How To Check Acceptance Fee Payment Not Reflecting On Your Portal

November 22, 2018

How You Should Arrange Your Document for Clearance

November 22, 2018 - Updated on August 28, 2022

Certificate for Megarich Consult and Network Entrepreneurship Program is Ready

May 18, 2018
Davido, Peruzzi Tackles Laycon, Zlatan, Kiddwaya As Music Stars Storm Lagos For Epic Football Match

Davido, Peruzzi Tackles Laycon, Zlatan, Kiddwaya As Music Stars Storm Lagos For Epic Football Match

February 21, 2021
Lyta’s Babymama Drags Him Online, Says He Can’t Afford N13K For Balloons For His Child’s 1st Birthday

Lyta’s Babymama Drags Him Online, Says He Can’t Afford N13K For Balloons For His Child’s 1st Birthday

May 19, 2021 - Updated on August 28, 2022
Screenshot 20230225 191518 Nigerian Newspapers

NYSC Member Mobbed in Abuja for Alleged Thumb Printing

February 25, 2023
Screenshot 20230225 181740 Nigerian Newspapers

#NigeriaElections2023: OBJ Fails to Deliver Polling Unit for Obi

February 25, 2023
Screenshot 20230225 175611 Nigerian Newspapers

Ayu Urges Losers To Accept Defeat, Optimistic Of PDP’s Victory

February 25, 2023
Screenshot 20230225 172838 Nigerian Newspapers

Peter Obi Beats Tinubu, Atiku to Win Two Polling Units in Aso Villa

February 25, 2023
Screenshot 20230225 160707 Facebook

EFCC Intercepts Woman with 18 Voter Cards in Kaduna, Another in Kano.

February 25, 2023
Screenshot 20230225 154636 Nigerian Newspapers

APC’s Tinubu Wins Polling Unit

February 25, 2023
Screenshot 20230225 152524 Nigerian Newspapers

Oba Elegushi Calls Out INEC Over Alleged Electoral Fraud in Ikate

February 25, 2023
Screenshot 20230225 105700 Nigerian Newspapers

EFCC Arrives Tinubu’s Polling Unit [PHOTOS]

February 25, 2023
Screenshot 20230225 100302 Nigerian Newspapers

I Am Confident of Winning’, Says Atiku After Casting Vote

February 25, 2023
Screenshot 20230225 084211 Nigerian Newspapers

Military Vows To Defend Democracy As Police Ban VIP Escorts, Aides From Polling Units

February 25, 2023
Facebook Instagram Twitter Youtube TikTok Telegram

An online media website for latest news and updates in Technology, Business, Education, Sports, Politics, Entertainment, Health, Fashion...and many more.

About

  • Advertise
  • Contact
  • Newsletter

Quick Links

  • Privacy
  • Terms of Use
  • DMCA

2022 Ideasgist ™ | A Subsidiary of iMultiple Empire Holdings | All rights reserved.
Website Developed by Ideas Digital Media.

No Result
View All Result
  • Home
  • Media
  • Technology
  • Education
    • School
    • Jamb
    • University
    • Polytechnic
    • College of Education
  • Sport
    • Football
  • News
    • Politics
    • Local
    • World
  • Entertainment
    • Celebrities
    • Media
  • Lifestyle
    • Fashion
    • Health
    • Relationship
  • More Topics
    • Business
    • Banking
    • Telecom
    • Job

2022 Ideasgist ™ | A Subsidiary of iMultiple Empire Holdings | All rights reserved.
Website Developed by Ideas Digital Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.
SIGN UP FOR NEWSLETTER NOW

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?