Elon Musk Dumps Tesla Shares by the Millions to Finance His Twitter Whim

Elon Musk surprised everyone when he declared he wanted to buy Twitter. Nevertheless, he is now entangled in a $44-billion deal and he needs to come up with $21.5 billion in cash to finance the takeover. Musk started selling Tesla shares, and a regulatory filing disclosed late Thursday shows that Tesla’s CEO sold roughly $4 billion worth of stock. Elon Musk is the richest person in the world, although he does not own almost anyt... (continue reading...)