San Francisco, Aug 10: After selling its electric vehicle company shares worth nearly $7 billion, Tesla and SpaceX CEO Elon Musk on Wednesday said that he would repurchase Tesla stock if the Twitter deal did not close.
While being asked by a user on the microblogging platform if he is done selling Tesla stock, the tech billionaire replied affirmatively.
“Yes. In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners do not come through, it is important to avoid an emergency sale of Tesla stock,” Musk wrote on Twitter.
Meanwhile, while replying to another user who asked, “if the Twitter deal does not close, will you buy Tesla stock again?” He replied, “Yes”.
As per a report, Musk sold 7.92 million company shares worth around $6.88 billion.
Musk’s transactions occurred between August 5 and August 9, the US Securities and Exchange Commission (SEC) filings revealed, following Tesla’s 2022 annual shareholder meeting on August 4 in Austin, Texas.
Earlier this year, the tech billionaire said on social media that he had “no further Tesla sales planned” after April 28.
That week, SEC filings revealed Musk had been selling a block of shares in his electric car company worth about $8.4 billion.
–IANS
Indigenous cruise missile successfully flight-tested by DRDO
New Delhi: DRDO has conducted a successful flight test of Indigenous Technology Cruise Missile (ITCM). The missile is equipped with advanced avionics and software to ensure better and more reliable...
Astronomers discover Milky Way’s heaviest known black hole
Jerusalem: Astronomers have found BH3, which is by far the heaviest known stellar black hole in the Milky Way galaxy, 33 times the mass of the Sun. An international research...
President Droupadi Murmu unveils 1st ‘India-made’ affordable gene therapy for cancer
New Delhi: In a ray of hope for millions suffering from cancer, President Droupadi Murmu on Thursday unveiled the country’s first indigenously-made and affordable gene therapy for the deadly disease....
NASA selects 3 firms to develop vehicle to explore Moon’s surface
San Francisco: The US space agency NASA has selected three companies — Intuitive Machines, Lunar Outpost, and Venturi Astrolab — to develop a lunar terrain vehicle (LTV) that Artemis astronauts...
Sam Altman finally returns to OpenAI board
San Francisco: Sam Altman will join the OpenAI board after an independent probe found that his conduct “did not mandate removal.” The special committee of the OpenAI Board announced the...
IndiaAI Mission: Know all about the 7 key pillars
New Delhi: As artificial intelligence (AI) begins to percolate across industries amid privacy concerns, the Cabinet chaired by Prime Minister Narendra Modi has approved the comprehensive national-level IndiaAI Mission with...
Ujjain man undergoes ‘bilateral hand transplant’ at Mumbai hospital; plans to marry now
Mumbai: In a rare case, a man from Madhya Pradesh underwent a 12-hour long ‘bilateral hand transplant’ surgery at the Global Hospitals in Mumbai and is now on his way...
NASA sends next batch of astronauts to ISS
New York: NASA-SpaceX’s next batch of astronauts are enroute to the International Space Station (ISS) on Monday. The Crew-8 mission lifted off at 10:53 p.m. EST Sunday (9.23 am, Monday...
PM Modi launches India’s first indigenously-built hydrogen-powered ferry
Kochi: Prime Minister Narendra Modi on Wednesday virtually launched India’s first indigenously-developed and built hydrogen fuel cell ferry, in Kochi, Kerala. The Prime Minister joined the ceremony in virtual mode...
Japan releases 4th ocean discharge of Fukushima nuclear-tainted wastewater despite opposition
Tokyo: Japan on Wednesday started the fourth-round of release of nuclear-contaminated wastewater from the crippled Fukushima Daiichi Nuclear Power Plant into the Pacific Ocean. Despite opposition from local fishermen, residents...
Researchers use pollen from Kaziranga National Park to decode climate change
New Delhi: Indian researchers have explored how pollen and non-pollen palynomorphs (NPPs) of Kaziranga National Park (KNP) can help in the interpretation of climate in the region. The KNP in...
Scientists develop tech that can recognise human emotion real time
Seoul: South Korean scientists have developed a groundbreaking technology that can recognise human emotions in real time, an advance poised to revolutionise various industries, including next-generation wearable systems. The multi-modal...
