Elon Musk sells nearly $7 billion worth of Tesla shares: document / Photo: JIM WATSON - AFP/File
-
Team USA men see off dogged Denmark in Olympic ice hockey
-
'US-versus-World' All-Star Game divides NBA players
-
Top seed Fritz beats Cilic to reach ATP Dallas Open final
-
China's freeski star Gu recovers from crash to soar into Olympic big air final
-
Braathen wins unique Winter Olympic gold for Brazil, Gu overcomes scare
-
Lens run riot to reclaim top spot in Ligue 1, Marseille slip up
-
Last-gasp Zielinski effort keeps Inter at Serie A summit
-
Vinicius bags brace as Real Madrid take Liga lead, end Sociedad run
-
Liverpool beat Brighton, Man City oust Beckham's Salford from FA Cup
-
International crew arrives at space station
-
Australia celebrate best-ever Winter Olympics after Anthony wins dual moguls
-
Townsend becomes a fan again as Scotland stun England in Six Nations
-
France's Macron urges calm after right-wing youth fatally beaten
-
China's freeski star Gu recovers from crash to reach Olympic big air final
-
Charli XCX 'honoured' to be at 'political' Berlin Film Festival
-
Relatives of Venezuela political prisoners begin hunger strike
-
Trump's 'desire' to own Greenland persists: Danish PM
-
European debate over nuclear weapons gains pace
-
Newcastle oust 10-man Villa from FA Cup, Man City beat Beckham's Salford
-
Auger-Aliassime swats aside Bublik to power into Rotterdam final
-
French prosecutors announce special team for Epstein files
-
Tuipulotu 'beyond proud' as Scotland stun England
-
Jones strikes twice as Scotland end England's unbeaten run in style
-
American Stolz wins second Olympic gold in speed skating
-
Marseille start life after De Zerbi with Strasbourg draw
-
ECB to extend euro backstop to boost currency's global role
-
Canada warned after 'F-bomb' Olympics curling exchange with Sweden
-
Ultra-wealthy behaving badly in surreal Berlin premiere
-
250,000 at rally in Germany demand 'game over' for Iran's leaders
-
UK to deploy aircraft carrier group to Arctic this year: PM
-
Zelensky labels Putin a 'slave to war'
-
Resurgent Muchova beats Mboko in Qatar final to end title drought
-
Russia's Navalny poisoned with dart frog toxin: European states
-
Farrell hails Ireland's 'unbelievable character' in edgy Six Nations win
-
Markram, Jansen lead South Africa to brink of T20 Super Eights
-
Guehi scores first Man City goal to kill off Salford, Burnley stunned in FA Cup
-
Swiss say Oman to host US-Iran talks in Geneva next week
-
Kane brace helps Bayern widen gap atop Bundesliga
-
Ireland hold their nerve to beat gallant Italy in Six Nations thriller
-
European states say Navalny poisoned with dart frog toxin in Russian prison
-
Braathen hails 'drastic' changes after Olympic gold
-
De Minaur eases past inconsistent Humbert into Rotterdam final
-
Eurovision 70th anniversary live tour postponed
-
Cuba cancels cigar festival amid economic crisis
-
Son of Iran's last shah urges US action as supporters rally in Munich
-
Jansen helps South Africa limit New Zealand to 175-7
-
Braathen wins unique Winter Olympic gold for Brazil, Malinin seeks answers
-
Relatives of Venezuela political prisoners begin hunger strike after 17 freed
-
Ten-man West Ham survive Burton battle to reach FA Cup fifth round
-
International crew set to dock at space station
Elon Musk sells nearly $7 billion worth of Tesla shares: document
Elon Musk has sold nearly $7 billion worth of Tesla shares, according to legal filings published Tuesday, amid a high-stakes legal battle with Twitter over a $44 billion buyout deal.
The Tesla boss sold some 7.9 million shares between August 5 and 9, according to filings published on the Securities and Exchange Commission's website.
"In the (hopefully unlikely) event that Twitter forces this deal to close and some equity partners don't come through, it is important to avoid an emergency sale of Tesla stock," Musk, the world's richest man wrote on Twitter late Tuesday.
Twitter is locked in a legal battle with the mercurial Tesla boss over his effort to walk away from the April agreement to buy the company, and a judge has ordered that a trial will begin in October.
Musk has filed a countersuit, accusing Twitter of fraud and alleging the social media platform misled him about key aspects of its business before he agreed to a $44 billion buyout.
The move comes after Musk sold around $8.5 billion worth of shares in the electric carmaker in April as he was preparing to finance the Twitter deal. He tweeted at the time: "No further TSLA sales planned after today."
C.Hamad--SF-PST
