Elon Musk sells nearly $7 billion worth of Tesla shares: document / Photo: JIM WATSON - AFP/File
-
Davis, LeBron power Lakers over Pelicans as Celtics win in OT
-
Trump and allies return to New York for UFC fights
-
Hong Kong political freedoms in spotlight during bumper trial week
-
Debt-saddled Laos struggles to tame rampant inflation
-
Senna, Schumacher... Beganovic? Macau GP showcases future F1 stars
-
India's vinyl revival finds its groove
-
G20 tests Brazil's clout in Lula 3.0 era
-
Over 20,000 displaced by gang violence in Haiti: UN agency
-
Famed gymastics coach Bela Karolyi dies
-
'Break taboos': Josep Borrell wraps up time as EU's top diplomat
-
Climate finance can be hard sell, says aide to banks and PMs
-
Trump revives 'peace through strength,' but meaning up to debate
-
New York auction records expected for a Magritte... and a banana
-
Egypt's middle class cuts costs as IMF-backed reforms take hold
-
Beirut businesses struggle to stay afloat under Israeli raids
-
Dupont lauds France 'pragmatism' in tight New Zealand win
-
Swiatek leads Poland into maiden BJK Cup semi-final
-
Trump taps fracking magnate and climate skeptic as energy chief
-
West Indies restore pride with high-scoring win over England
-
Hull clings to one-shot lead over Korda, Zhang at LPGA Annika
-
Xi tells Biden ready for 'smooth transition' to Trump
-
Trump nominates fracking magnate and climate skeptic as energy secretary
-
Tyson says 'no regrets' over loss for fighting 'one last time'
-
Springboks' Erasmus hails 'special' Kolbe after England try double
-
France edge out New Zealand in Test thriller
-
Xi tells Biden will seek 'smooth transition' in US-China ties
-
Netherlands into Nations League quarter-finals as Germany hit seven
-
Venezuela to free 225 detained in post-election unrest: source
-
Late Guirassy goal boosts Guinea in AFCON qualifying
-
Biden arrives for final talks with Xi as Trump return looms
-
Dominant Sinner cruises into ATP Finals title decider with Fritz
-
Dinosaur skeleton fetches 6 million euros in Paris sale
-
Netherlands-Hungary Nations League match interrupted by medical emergency
-
Kolbe double as South Africa condemn England to fifth successive defeat
-
Kolbe at the double as South Africa condemn England to fresh defeat
-
Kolbe at the double as South Africa beat England 29-20
-
'If I don't feel ready, I won't play singles,' says Nadal ahead of Davis Cup farewell
-
Fifth of dengue cases due to climate change: researchers
-
Trump's Republican allies tread lightly on Paris pact at COP29
-
Graham equals record as nine-try Scotland see off tenacious Portugal
-
Protesters hold pro-Palestinian march in Rio ahead of G20
-
Graham equals record as nine-try Scotland see off dogged Portugal
-
China's Xi urges APEC unity in face of 'protectionism'
-
Japan's Kagiyama, Yoshida sweep gold in Finland GP
-
Macron to press Milei on climate action, multilateralism in Argentina talks
-
Fritz reaches ATP Finals title decider with Sampras mark in sight
-
All eyes on G20 for breakthrough as COP29 climate talks stall
-
Fritz battles past Zverev to reach ATP Finals title decider
-
Xi, Biden to meet as Trump return looms
-
Kane warns England must protect team culture under new boss
NYSE - LSE
Elon Musk sells nearly $7 billion worth of Tesla shares: document
Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.
The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission's website.
"In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock," Musk, the world's richest man wrote on Twitter late Tuesday.
Twitter is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from the April agreement to buy the company, and a judge has ordered that a trial will begin in October.
Musk has filed a countersuit, accusing Twitter of fraud and alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout.
The move comes after Musk sold around $8.5 billion worth of shares in the electric carmaker in April as he was preparing to finance the Twitter deal. He tweeted at the time: "No further TSLA sales planned after today."
W.Moreno--AT
