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BREAKING
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Elon Musk sells almost $4 billion in Tesla shares

  • By Al Mayadeen English
  • Source: Agencies
  • 9 Nov 2022 09:34
2 Min Read

Finding a way to pay for his debt, Musk sells Tesla shares.

  • x
  • Elon Musk. (Bloomberg)
    Musk sold more than 19 million shares (Bloomberg)

Tesla CEO Elon Musk sold almost $4 billion worth of shares of Tesla stock, according to SEC filings on Tuesday. This comes just over a week after he closed his $44 billion purchase of social media giant Twitter. 

Looking for ways to pay for the Twitter deal, Musk took billions of dollars in debt and earlier sold $15.5 billion worth of Tesla shares. He even went on to include an idea to charge verified accounts 8$ a month. 

On Tuesday, the US Securities and Exchange Commission (SEC) indicated that the Twitter CEO had disposed of more than 19 million shares worth of $3.9 billion. 

Although Musk pulled Twitter off the stock market, he pulled the company into heavy debt, which is a risky choice for a money-losing business. 

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Twitter launches new paid subscription

Twitter began rolling out a contentious new paid subscription system last Saturday, which billionaire Elon Musk, the social network's unpredictable new owner, ordered staff to construct after taking over last week.

Days into Tesla CEO Elon Musk's leadership of one of the world's major venues for dialogue and activism, his promises and provocations have elicited a flood of responses, including warnings from the United Nations and an apology from Twitter's co-founder.

His intention to reduce content monitoring on the site has alarmed UN rights chief Volker Turk, who urged him on Saturday to make human rights a priority for the social network. "Twitter has a responsibility to avoid amplifying content that results in harm to people's rights," Turk said in his open letter. 

He said that the news that Musk had fired every member of the platform's human rights team was "not, from my perspective, an encouraging start."

Read next: Elon Musk claims to want to "help humanity" by buying Twitter

  • Tesla
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