9 November 2022 | Other

Elon Musk sold Tesla shares for $3.95 billion after buying Twitter

Only a few days after completing the acquisition of Twitter Inc., Elon Musk, who is also the CEO of Tesla Inc., sold the electric-vehicle producer’s shares in the amount of at least $3.95 billion.

According to regulatory documents, this transaction was the first sale of Tesla shares by Musk since August. In total, 19.5 million shares were sold, however, regulatory documents do not contain information that current transactions were planned in advance.

Being the richest man in the world, he made a statement in August that he was no longer going to sell Tesla shares. According to Musk, in the event that he is forced to close the acquisition of Twitter and strive to attract new partners for the transaction, it is essential to prevent the “emergency sale” of Tesla shares.

Nevertheless, certain expectations were associated with the selling of more shares of the company by the billionaire. According to Bloomberg, as a result of the sale of Tesla shares over the past year, Musk has earned about $36 billion. In addition, approximately half of the indicated amount was received in April of this year after the disclosure of plans to acquire Twitter.

Company MarketCheese
Period: 15.07.2025 Expectation: 800 pips
Breaking downtrend could push USDCAD to 1.375
Today at 08:16 AM 4
Period: 14.07.2025 Expectation: 1600 pips
Upcoming “Crypto Week” to boost bitcoin prices
Yesterday at 11:26 AM 49
Period: 15.07.2025 Expectation: 400 pips
Selling AUDUSD targeting 0.65000 amid limited growth and technical weakness
Yesterday at 10:15 AM 35
Period: 31.07.2025 Expectation: 2000 pips
Selling SPX targeting 6,050
Yesterday at 08:54 AM 17
Period: 14.07.2025 Expectation: 945 pips
Delayed tariff implementation may push silver to $35.650
07 July 2025 55
Period: 18.07.2025 Expectation: 1400 pips
Weak dollar may drive S&P 500 to 6,300
07 July 2025 54
Go to forecasts