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Elon Musk sold almost $4B of Tesla shares in Twitter takeover
No investors believe Musk’s ‘distraction’ is a risk: Al Root
Barron’s senior writer Al Root weighs in on Elon Musk’s Twitter acquisition and how that will impact the rest of his business empire on ‘Barron’s Roundtable.’
In the days following Elon Musk's $44 billion purchase of Twitter, the billionaire sold almost $4 billion in Tesla stock.
Musk sold a total of 19.5 million shares between Nov. 4-8, according to regulatory disclosures.
The Tesla CEO saw his net worth fall below the $200 billion mark on Tuesday as shares of the electric vehicle giant hit a 52-week low, sparking murmurs that his recent acquisition of Twitter is a distraction giving investors the jitters.
Musk became the world’s wealthiest person thanks in large part to his stake in Tesla.