May 29, 2022

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Musk sells Tesla shares for about 38 billion kroner - E24

Musk sells Tesla shares for about 38 billion kroner – E24

Elon Musk has sold Tesla shares for about NOK 38 billion, according to several media outlets. According to the plan, Musk will buy Twitter for NOK 400 billion.

Tesla chief Elon Musk.
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This week, Twitter’s board of directors accepted an offer from Elon Musk for the company for $44 billion, or about 400 billion crowns.

Musk has now sold Tesla shares for about $4 billion (about $37.6 billion), according to the Wall Street Journal, among other things (Subscription required) And CNBC.

according to official documents Musk sold more than 4.4 million shares on Wednesday and Thursday, and the price he received was between $870 and $1,000 per share.

After the trade, Musk was left with 168.2 million Tesla shares, according to the documents.

No more TSLA sales planned anymore, Musk wrote Twitter Thursday.

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Purchase must be financed

E24 previously discussed how Musk could fund the purchase of Twitter. a bunch Major American, French and Japanese banks He lends him up to $25.5 billion.

Musk will also inject up to $21 billion (190 billion kronor) in equity into his new parent company X Holdings. That company then pays Twitter shareholders today $54.20 per share. a job.

Among the shareholders is the Norwegian Petroleum Fund, which owned 0.9 percent of Twitter in the new year. 3.6 billion NOK will be paid to the Petroleum Fund if the purchase is completed.

If Musk or Twitter pulled out of the purchase, they would have to pay a $1 billion fee to the other party.

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According to the Bloomberg Billionaires Index, Musk is the richest person in the world, with a net worth of $252 billion. Much of this lies in the companies he owns, including Tesla and SpaceX.

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Elon Musk buys Twitter for about $44 billion

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This is how Musk could reach 400 billion in Twitter

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