Elon Musk signed a deal last week to buy Twitter
Elon Musk signed a deal last week to buy Twitter. Everyone knows the matter for the benefit of local and foreign media. The latest news is that Tesla has sold 650 crores (6.5 billion) US dollars worth of shares to raise cash to buy Twitter. News from The Guardian
On Monday, Elon Musk, chief executive of Tesla, the world’s richest and most powerful electric car maker, agreed to buy Twitter for 4.4 billion. Of this, Musk himself has to pay thousand 11 billion personally.
However, Elon Musk did not say exactly how he would provide his personal money. Elon Musk has sold 5.6 percent, or 9.7 million (9.7 million) shares, of Tesla since the deal was struck, according to the US Financial Regulator.
Elon Musk did not elaborate on the purpose of the sale. However, other Tesla investors fear that Musk may use the money to buy Twitter.
In addition to personal funding, Elon Musk is borrowing about 1.2 billion to acquire Twitter. In addition, a banking alliance led by US investment bank Morgan Stanley has pledged another 1.3 trillion.
However, to persuade the banks to invest in this investment, Musk showed the way to earn revenue from Twitter.
According to Reuters, Elon Musk wants to link the issue of cutting charges if a website wants to quote or embed a popular tweet from Twitter. Musk’s idea is that this will generate a large amount of income, which will benefit the banks that invest money.
Meanwhile, after the announcement of Elon Musk’s acquisition of Twitter, concerns have started among the investors of his own company Tesla. Tesla’s share price has also started to decline. On April 26, Tesla’s share price fell 12.2 percent. And since the announcement of Twitter’s acquisition, Tesla’s market capitalization has shrunk by about 127 billion, or thousand 12 billion.
The news of Tesla’s share sale came in the news of the fall in the share price. However, Tesla has no plans to sell any more shares, Musk said in a tweet on Thursday.
According to the Bloomberg Billionaires Index, Musk’s current net worth is about 2.5 trillion. Of these, Musk owns 43.8% of the 10 trillion stakes in rocket maker SpaceX