After purchasing Twitter, Musk sold Tesla shares worth $ 4 billion

Elon Musk, the world’s richest person, has sold at least $ 3.95 billion shares of Electric Car maker Tesla a few days after purchasing Twitter. Musk is the Chief Executive Officer of this company. He said in August that he would sell Tesla’s shares only when he was forced to buy Twitter.

The regulatory filing conducted by the company states that Musk has sold around 1.95 crore shares. However, it has not been informed whether it was already planned for this. According to Bloomberg report, Musk, who bought Twitter for about $ 44 billion, has taken a loan of about $ 13 billion from US banks. Apart from this, some high net worth investors have promised him to invest about seven billion dollars in the company. However, it is not known whether these people have invested this.

Many big companies have stopped advertising on Twitter since Musk’s Twitter tookover. The email sent to Musk did not get the answer. Automobile company Stellantis has informed about closing all advertisements on Twitter. Stellantis says that she is waiting to see how this platform changes under the leadership of the new Twitter owner.

Fiat Chrysler and PSA merger Stellantis has said that it is stopping advertisements till the situation about Twitter’s future becomes clear under the new leadership. Musk has reported that the company’s revenue has declined a major decline since his Twitter control. Earlier, Basic motors, luxury car maker Audi of the USA and United Airways announced the closure of advertisements on Twitter. Volkswagen, one of the large automobile companies, stated last week that after buying Mask’s Twitter, he has asked his brands to stop the advertisement on this platform. The Volkswagen Group has popular brands like VW, Seat, Cupra, Audi, Lamborghini, Bentley, Ducati and Porsche. Earlier, other companies including General Motors also made similar comments about Twitter.