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Elon Musk Sells $6.9b of Tesla Stocks in Case He Is Forced to Buy Twitter

3 monthes ago   |   By Time

Elon Musk offloaded $6.9 billion of stock in Tesla, the billionaire's biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car maker's shares in the event he is forced to go ahead with his aborted deal to buy Twitter.
Tesla's chief executive officer sold about 7.92 million shares on Aug. 5, according to a series of regulatory filings that landed after US markets closed Tuesday. As speculation mounted over the reason for the disposal, Musk responded in a series of late night tweets, saying he wanted to avert an emergency sale of stock if he is compelled to...
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With Tesla stock sale Musk cashes up for Twitter

With Tesla stock sale Musk cashes up for Twitter

3 monthes ago   |   By Al Jazeera

Tesla chief sold nearly $7bn worth of shares to avoid an emergency sale in case he is forced to complete Twitter deal.
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Kirstie Alley, Emmy-winning ‘Cheers' and ‘Veronica's Closet' star, dead at 71

Kirstie Alley, Emmy-winning ‘Cheers' and ‘Veronica's Closet' star, dead at 71

Alley died following a short battle with cancer, her family announced. Read more ...

Facebook threatens to cancel news

Facebook threatens to cancel news

Meta Platforms says it may quit carrying journalism altogether if US lawmakers enable media outlets to negotiate collectively Facebook's parent company has threatened to quit... Read more ...

Switzerland vs. Portugal prediction: Cristiano Ronaldo's last World Cup dance

Switzerland vs. Portugal prediction: Cristiano Ronaldo's last World Cup dance

The Swiss National Team's reputation is well known by this point. A well-organized outfit that plays at a level above the sum of its parts, the Rossocrociati have given plenty... Read more ...

Carlos Rodon remains Yankees' pitching priority despite heavy competition

Carlos Rodon remains Yankees' pitching priority despite heavy competition

While the Yankees' main priority remains superstar Aaron Judge, they remain in daily contact with Carlos Rodon's camp, and preferred him as a rotation option all along. Read more ...

Authorities say teenage girl, father found shot to death in a rural Douglas...

Authorities say teenage girl, father found shot to death in a rural Douglas County home

The sheriff's office is investigating the circumstances surrounding the shooting Read more ...

ONLY ON ABC13: Witnesses chase after accused drunk hit-and-run driver

A woman was at her friend's house when they heard a loud bang. A story you'll find only on ABC13 shows footage of their bizarre encounter. Read more ...

New England gunmaker hit with new lawsuit over unintentional firearms

New England gunmaker hit with new lawsuit over unintentional firearms

A Sig Sauer handgun that allegedly goes off without the trigger being pulled is now at the center of a new multi-state lawsuit. Read more ...

Georgia quarterback Stetson Bennett named Heisman Trophy finalist

Georgia quarterback Stetson Bennett named Heisman Trophy finalist

The 2022 Heisman winner will be announced during the Heisman Trophy Ceremony Presented by Nissan on Dec. 10 at 8 p.m. ET on ESPN. Read more ...

Orlando city leaders move forward with ordinance that will redefine bars...

Orlando city leaders move forward with ordinance that will redefine bars, restaurants, nightclubs

"All we did today was make sure there are three separate categories for restaurants, bars and nightclubs to give us the ability to look at additional regulations,” Dyer said. Read more ...

Senate GOP pans Trump call to terminate Constitution

Senate GOP pans Trump call to terminate Constitution

Former President Trump's weekend call to terminate parts of the U.S. Constitution in order to overturn the 2020 election results was met with derision and opposition by Senate... Read more ...