Elon Musk Sells $6.9 Billion of Tesla to Avoid Twitter Fire Sale

Elon Musk Sells $6.9 Billion of Tesla to Avoid Twitter Fire Sale

(Bloomberg) — Elon Musk sold $6.9 billion of his shares in Tesla Inc. the billionaire’s biggest sale on record, saying he needed cash in case he is forced to go ahead with his aborted deal to buy Twitter Inc.

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“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,” Musk tweeted late Tuesday after the sales were disclosed in a series of…


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