Elon Musk sells nearly $7 billion worth of Tesla shares

The billionaire will use this money if he loses his legal fight against Twitter.

Elon Musk sold $6.9 billion worth of Tesla shares in preparation for his legal fight against Twitter, according to a document filed with the SEC, the American stock market policeman, and published on Tuesday’s website. last.

“In the (hopefully unlikely) event that Twitter forces this deal to happen *and* certain financial partners don’t show up, it’s important to avoid an emergency sale of Tesla shares,” the billionaire said on Twitter. Twitter.

Elon Musk on Saturday challenged the boss of Twitter to publicly debate and prove the share of false accounts on the social network, a point of disagreement put forward by the American multi-billionaire to withdraw his purchase offer, launching a legal battle.

Elon Musk had signed a $ 44 billion agreement in April to buy the social network, before breaking it unilaterally in early July.

He believes that Twitter lied about the proportion of automated accounts and spam on its platform, and even claims that the social network “frauded”, by deliberately increasing the number of monetizable accounts.

In April, the boss of Tesla had already sold some $8.5 billion worth of shares in his automotive group to prepare for the acquisition of the social network.

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