Twitter reports low earnings in Q2 Twitter reports low earnings amid Elon Musk deal fallout 03:44 Elon Musk has sold nearly $7 billion worth of shares in Tesla as the tech mogul gets his finances in order ahead of a court battle with Twitter. The billionaire disclosed in series of regulatory filings that he unloaded about 8 million shares of the electric vehicle maker in recent days.”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, Tesla’s founder and CEO, tweeted late Tuesday. Musk is by far the largest individual shareholder in both Tesla and Twitter. Shares of Tesla rose almost 2% before the opening bell Wednesday. Twitter shares are up 16% in the past month, with most believing Musk faces long-shot odds of success in court, jumped another 3%. Musk countersued Twitter last week, accusing the company of fraud over his aborted $44 billion acquisition. He claimed that Twitter held back critical information and misled his team about the size of its user base. Musk alleges that Twitter committed fraud, breach of contract and violation of a securities law in…
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Elon Musk sells $7 billion in Tesla shares ahead of Twitter fight – CBS News
