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Palestinian Ministry of Health: Two were martyred in Israeli shelling that targeted a besieged house in the town of Qabatiya in Jenin
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children

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 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

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