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

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

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Business

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Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the purpose of Musk's stock sale according to the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

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

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