Trending: Tesla Shares Gain After Elon Musk Sold Nearly $7 Billion in Stock
August 10 2022 - 1:12PM
Dow Jones News
12:36 ET -- Tesla Inc. is one of the most talked-about companies
in the U.S. across all news items in the last 12 hours, according
to Factiva data. The electric-vehicle maker's shares rose after
regulatory disclosures revealed Chief Executive Elon Musk sold
nearly $7 billion of Tesla stock in recent days. Mr. Musk tweeted
Tuesday: "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." Mr. Musk
has made a $44 billion bid to buy Twitter Inc. Tesla shares rose as
high as $892.53 Wednesday before pulling back, and were recently up
2% at $867.25. Dow Jones & Co. owns Factiva.
(mary.dewet@dowjones.com)
(END) Dow Jones Newswires
August 10, 2022 12:57 ET (16:57 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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