Musk Sells $6.9 Billion of Tesla Stock

Musk Sells $6.9 Billion of Tesla Stock

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Business

University

Hard

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The transcript discusses Elon Musk's significant sale of Tesla stock, which is his largest to date. This sale follows a previous sale in April and is linked to the potential Twitter deal. The market was initially confused about the purpose of the sale, but Musk clarified it was to avoid an emergency sale if the Twitter deal proceeds. The stock price is currently around $850, up from $600 in May. Future sales depend on legal outcomes related to the Twitter deal.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

How much Tesla stock did he sell in his biggest sale ever?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the market's reaction to the announcement of the Tesla stock sales?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the reason given for the recent sale of Tesla shares?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What were the stock prices of Tesla shares before and after the recent sale?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors might influence whether he continues to sell Tesla shares?

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