Elon Musk has already sold nearly 10 million shares of Tesla, of which he is the chief executive and co-founder, following the deal Monday in his takeover of Twitter.
This sale of 9.6 million shares earned him more than 10 billion Canadian dollars, according to documents filed with the American market regulator, the SEC.
According to both of these documents, he kept, at the end of the operation, more than 162.8 million shares of the electric vehicle manufacturer, through a trust.
No additional TSLA sales [le symbole boursier de Tesla] after todayElon Musk tweeted on Thursday.
To fund the acquisition of Twitter, at a cost of more than 56 billion Canadian dollars, Elon Musk pledged to contribute up to 26 billion Canadian dollars of personal contributions, the rest of which was funded by debt.
Many investors and analysts are wondering about the effective realization of this operation.
The value of Twitter’s share remains significantly lower than the price suggested by Elon Musk, or 69.53 Canadian dollars.
Friday, around 10:05 am (Eastern Daylight Time), it reached 63.89 Canadian dollars.
The market often interprets the difference between the price of an offer and the value of a security as the risk premium, the measure of risk represented by the acquisition.
As for Tesla’s action, after losing more than 23% since the announcement, by Elon Musk, of a 9.2% stake in Twitter’s capital, on April 4, it rebounded on Friday, gaining 5 .35 %.
Source: Radio-Canada
