London Daily

Focus on the big picture.
Wednesday, Jul 09, 2025

Elon Musk sells nearly $7B in Tesla shares as Twitter legal battle rages on

Elon Musk sells nearly $7B in Tesla shares as Twitter legal battle rages on

Musk's Tesla shares sale comes as he prepares to go to court in October over his $44 billion Twitter takeover deal

Elon Musk has sold more Tesla shares worth nearly $7 billion, according to regulatory filings.

Tesla's CEO sold 7.92 million shares in the electric vehicle maker, months after announcing he wasn't going to sell any more shares.

Musk indicated in a tweet response that the share sale was done in case some financing fo the purchase of Twitter was needed.

Musk sold around 7.9 million shares between Friday and Tuesday, the disclosures show.

Musk still has a 15% stake in the company. In all, he owns 155.04 million shares in Tesla.


The Tesla CEO went on a selling spree in April as he was lining up financing for his $44 billion purchase of Twitter, which he has attempt to retreat from since July.

In April, Musk tweeted, "No further TSLA sales planned after today."

Elon Musk's Twitter profile displayed on a computer screen and Twitter logo displayed on a phone screen.


This past weekend, Musk said the deal to buy Twitter may still go ahead, if the details on the social media platform's actual user accounts can be confirmed.

Musk wants to know how many are ‘spam bots’ and how many are real people.

Musk has accused Twitter of misleading his team about the true size of its user base and other problems he said amounted to fraud and breach of contract.

A sign is pictured outside the Twitter headquarters in San Francisco.


Twitter sued him last month to complete the acquisition and Musk counter sued.


The two sides are headed to a trial on October 17 in a Delaware court.

Tesla shares have risen nearly 15% since the automaker's July 20 better-than-expected earnings report.

Newsletter

Related Articles

0:00
0:00
Close
BRICS Expands Membership with Indonesia and Ten New Partner Countries
Weinstein Victim’s Lawyer Says MeToo Movement Still Strong
U.S. Enacts Sweeping Tax and Spending Legislation Amid Trade Policy Shifts
Football Mourns as Diogo Jota and Brother André Silva Laid to Rest in Portugal
Labour Expected to Withdraw Support for Special Needs Funding Model
Leaked Audio Reveals Tory Aide Defending DEI Record
Elon Musk Founds a Party Following a Poll on X: "You Wanted It – You Got It!"
London Stock Exchange Faces Historic Low in Initial Public Offerings
A new online platform has emerged in the United Kingdom, specifically targeting Muslim men seeking virgin brides
Trump Celebrates Independence Day with B-2 Flyover and Signs Controversial Legislation
Boris Johnson Urges Conservatives to Ignore Farage
SNP Ordered to Update Single-Sex Space Guidance Within Days
Starmer Set to Reject Calls for Wealth Taxes
Stolen Century-Old Rolls-Royce Recovered After Hotel Theft
Macron Presses Starmer to Recognise Palestinian State
Labour Delayed Palestine Action Ban Over Riot Concerns
Swinney’s Tax Comments ‘Offensive to Scots’, Say Tories
High Street Retailers to Enforce Bans on Serial Shoplifters
Music Banned by Henry VIII to Be Performed After 500 Years
Steve Coogan Says Working Class Is Being ‘Ethnically Cleansed’
Home Office Admits Uncertainty Over Visa Overstayer Numbers
JD Vance Questions Mandelson Over Reform Party’s Rising Popularity
Macron to Receive Windsor Carriage Ride in Royal Gesture
Labour Accused of ‘Hammering’ Scots During First Year in Power
BBC Head of Music Stood Down Amid Bob Vylan Controversy
Corbyn Eyes Hard-Left Challenge to Starmer’s Leadership
London Tube Trains Suspended After Major Fire Erupts Nearby
Richard Kemp: I Felt Safer in Israel Under Attack Than in the UK
Cyclist Says Police Cited Human Rights Act for Riding No-Handed
China’s Central Bank Consults European Peers on Low-Rate Strategies
AI Raises Alarms Over Long-Term Job Security
Saudi Arabia Maintains Ties with Iran Despite Israel Conflict
Musk Battles to Protect Tesla Amid Trump Policy Threats
Air France-KLM Acquires Majority Stake in Scandinavian Airlines
UK Educators Sound Alarm on Declining Child Literacy
Shein Fined €40 Million in France Over Misleading Discounts
Brazil’s Lula Visits Kirchner During Argentina House Arrest
Trump Scores Legislative Win as House Passes Tax Reform Bill
Keir Starmer Faces Criticism After Rocky First Year in Power
DJI Launches Heavy-Duty Coaxial Quadcopter with 80 kg Lift Capacity
U.S. Senate Approves Major Legislation Dubbed the 'Big Beautiful Bill'
Largest Healthcare Fraud Takedown in U.S. History Announced by DOJ
Poland Implements Border Checks Amid Growing Migration Tensions
Political Dispute Escalates Between Trump and Musk
Emirates Airline Expands Market Share with New $20 Million Campaign
Amazon Reaches Milestone with Deployment of One Millionth Robot
US Senate Votes to Remove AI Regulation Moratorium from Domestic Policy Bill
Yulia Putintseva Calls for Spectator Ejection at Wimbledon Over Safety Concerns
Jury Deliberations in Diddy Trial Yield Partial Verdict in Serious Criminal Charges
House Oversight Committee Subpoenas Former Jill Biden Aide Amid Investigation into Alleged Concealment of President Biden's Cognitive Health
×