Elon Musk continues to sell Tesla stock to cover his Twitter project, totaling over $20 billion. Investors are worried about Tesla's future.
SEC filings on Wednesday revealed Elon Musk sold $3.6 billion more inDan Ives stated that Musk is 'using Tesla as his own ATM machine' to fund Twitter.
The impact of Elon Musk buying Twitter on Tesla is getting scarier for investors. For the third time, after saying in April that he had" ," filings made on Wednesday revealed Musk sold 22 million more shares of Tesla, valued some $3.6 billion. That brings the total amount of Tesla stock that Musk has sold this year to $23 billion.that in the long haul, Tesla would benefit from his ownership of Twitter. But there's growing skepticism from analysts that will happen.
Ultimately, Elon promised Tesla shareholders they'd benefit from Twitter. He also promised he wouldn't sell any more Tesla stock. It's up to Tesla investors to decide whether he plans to keep his promise.
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