Elon Musk has raised $8.5 billion from selling part of his stake in Tesla, boosting his cash position ahead of his planned purchase of Twitter. Sales were made between Tuesday and Thursday, after Twitter’s board agreed to Musk’s $44 billion all-cash takeover approach. Musk sought to head off worries that the sales would be the start of a spate of divestments, writing on Twitter after the first filings were published on Thursday: “No further TSLA sales planned after today” The sales of almost 9.7 million shares, made at prices ranging from $822 to $999 a share, were the first by the Tesla chief since a burst of selling late last year that raised more than $16 billion. Musk did not say how long he would hold off selling any more Tesla stock . . .
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