Musk Sells $4B In Tesla Shares, Presumably For Twitter Deal

Elon Musk sold $4.8 billion worth of Tesla stock, as per SEC filings, likely to fund his acquisition of Twitter. Following the sale, Tesla's stock price dropped significantly. Musk announced no further Tesla stock sales were planned after this transaction.

Why did Elon Musk sell $4.8 billion worth of Tesla stock?

• To donate to charity

• To pay off personal debts

• To fund his purchase of Twitter

• To invest in a new Tesla project

What did Musk tweet regarding future Tesla stock sales?

• He will hold his current shares

• He plans to sell more shares soon

• No further Tesla sales planned after that day

• He will buy back shares

How many shares did Musk sell at an average price of more than $905?

• 4.8 million shares

• 5.3 million shares

• 6 million shares

• 7 million shares

What was the percentage drop in Tesla's stock value after the sale?

• 15%

• 10%

• 12%

• 20%

What was the closing price of Tesla shares after the market drop?

• $877

• $900

• $850

• $905