According to the documents released by the securities and Exchange Commission (SEC) on Friday, musk sold a total of 5.23 million Tesla shares on April 28 at a price of $822.68 to $902.85 per share, worth about $4.5 billion. Musk sold shares this week, cashing in a total of more than $8.5 billionP align = "center" (musk stock selling document, source: sec)
According to previous sec documents, the Tesla CEO sold more than 4.4 million shares on Tuesday and Wednesday, with a transaction price of $870 to $1000 per share, with a total value of about $4 billion.
Tesla's share price fell 12% on Tuesday when it sold its shares. However, on Friday, its share price rose by more than 6% during the session. Inmask said on twitter on Thursday (April 28): "after today, there is no plan to further sell Tesla shares."
We need $44 billion in cash to buy master, and now we need to provide him with $21 billion in cash. His financing plan also includes borrowing $12.5 billion against Tesla shares worth more than $62.5 billion. Tesla and several banks have agreed that musk needs to provide more collateral if Tesla's share price falls.
With $12.5 billion in mortgages and more than $8.5 billion in cash, musk has just $21 billion in cash. According to a regulatory document released on Tuesday, musk will have to pay a $1 billion termination fee if he can't get enough money to complete the deal to buy twitter.
According to the Bloomberg billionaire index, Musk's net worth is $252 billion and is the richest man in the world. But most of his wealth involves his companies, including Tesla and SpaceX Musk in Tesla to equity incentives as a reward, do not take cash wages, he sometimes said he did not have enough cash.
A regulatory announcement in August last year showed that as of last year, musk had taken about 88 million Tesla shares as collateral to guarantee its personal debt, accounting for more than half of its holdings.
Musk had been reluctant to sell Tesla shares for many years. However, he sold more than $16 billion worth of shares last year because he had a large number of stock options expiring this year. Last year, he sold shares mainly to pay the tax payable on the exercise of these options.
