Musk sells Tesla shares worth $6.9b to save up for forced Twitter deal

Musk sells Tesla shares worth $6.9b to save up for forced Twitter deal

Elon Musk. Photographer: Justin Chin/Bloomberg

Tesla Inc Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds could be used to finance a potential Twitter deal if he loses a legal battle with the social media platform.

“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,” he said in a tweet late on Tuesday.

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