Musk explained the funds could be used to finance a potential Twitter deal if necessary. The tech mogul has sold nearly $7 billion US worth of shares in Tesla to prepare himself for a deal/court battle with Twitter. In recent days, Musk disclosed a series of documents showing he sold about eight million shares of his company Tesla Inc.
In a tweet Musk said “In the 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. Musk is the largest individual shareholder in both Tesla and Twitter.
Musk countersued Twitter last week, accusing the corporation of fraud over his aborted $44-billion acquisition. Elon claims that Twitter held back critical information and misled his team about the size of its user base.
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