Elon Musk sold $4 billion worth of Tesla stock following the Twitter

This is far higher than the 19 percent drop that the S&P 500 Index has witnessed this year and even worse than the 32 percent drop seen by the Nasdaq 100 Index, which hosts a lot of technology stocks.Earlier this year, Interesting Engineering reported that Elon Musk was looking at his Tesla stock price as a way to finance his Twitter interest.

However, as regulatory filings on Tuesday revealed, Musk sold 19.8 million shares this month at a rate that would fetch him nearly $4 billion in cash. The move comes shortly after Musk completed his Twitter acquisition, and reports have emerged that the social media company'sMusk, who has brought in a flurry of changes at Twitter, is looking for means to bring in more revenues and may have to finance the functioning of the company, which makes an average of $700 million a year.

Sales in the region missed analyst estimates, and Musk acknowledged the issues in the market in a call with analysts,said in its report. Tesla stock price has now dwindled to $186.75 as of Tuesday and, amidst fears of a recession, could also dip further. Musk-led Tesla, however, plans to keep up the pace of production of its EVs in spite of the slowdown concerns.

it is for elonmusk to buy more BTC crypto and make Twitter an exchange or paying platform. the rules of exchanges such as Binance or Coinbase will apply here,the only difference is that you already have the community ready and working. cz_binance by his side.pls make notes!

To pay his taxes

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