At the same time, Musk said in April this year that he does not plan to sell his share in Tesla again. It happened after he sold shares worth 8.6 billion dollars (CZK 206.17 billion).
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But legal experts say that if the Tesla and SpaceX boss loses his battle with Twitter and is forced to buy it or pay a hefty fine, he may have to sell more shares in the electric car company.
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In April, Musk offered $44 billion for the technology company Twitter, but later backed out of the deal, and both sides are now facing a long legal battle that could cost Musk billions of dollars.
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SEC filings show Musk sold about 7.92 million Tesla shares between Aug. 5 and Aug. 9. He now owns 155.04 million shares.
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