Musk Sells $4B In Tesla Shares, Presumably For Twitter Deal

Musk Sells $4B In Tesla Shares, Presumably For Twitter Deal

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Elon Musk sold $4.8 billion worth of Tesla stock, as per SEC filings, likely to fund his acquisition of Twitter. Following the sale, Tesla's stock price dropped significantly. Musk announced no further Tesla stock sales were planned after this transaction.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why did Elon Musk sell $4.8 billion worth of Tesla stock?

To donate to charity

To pay off personal debts

To fund his purchase of Twitter

To invest in a new Tesla project

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Musk tweet regarding future Tesla stock sales?

He will hold his current shares

He plans to sell more shares soon

No further Tesla sales planned after that day

He will buy back shares

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How many shares did Musk sell at an average price of more than $905?

4.8 million shares

5.3 million shares

6 million shares

7 million shares

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the percentage drop in Tesla's stock value after the sale?

15%

10%

12%

20%

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the closing price of Tesla shares after the market drop?

$877

$900

$850

$905