Elon Musk Sells $8 Billion in Tesla Stock

<p>Tesla CEO Elon Musk has sold over &dollar;8 billion worth of Tesla stock in filings with the SEC this week&period;<&sol;p>&NewLine;<p>Musk is the world&&num;8217&semi;s richest man and most of his net worth is based on his ownership of Tesla shares&period; He made a deal last week to buy Twitter for &dollar;54&period;20 per share&period;<&sol;p>&NewLine;<p>Twitter reported first quarter revenue of &dollar;1&period;20 billion&comma; an increase of 16&percnt; year-over-year&period; The company reported net income of &dollar;513 million and daily active users of 229 million worldwide&period;<&sol;p>&NewLine;<p>Musk said on Twitter he was not selling any more shares in Tesla for now&period; According to SEC filings&comma; he still has 162&comma;963&comma;251 Tesla shares worth &dollar;141&period;9 billion based on Friday&&num;8217&semi;s closing price&period;<&sol;p>&NewLine;

Editor

Joby Autonomous Plane Goes On Cross-Country Tour

SANTA CRUZ — Joby Aviation announced that its autonomous J208 aircraft has begun a month-long,…

6 hours

Flam Raises $40 Million Series B

SAN FRANCISCO -- Flam, an AI interactive content company, has raised $40 million in Series…

6 hours

Encoded Therapeutics Reels In $275 Million

SOUTH SAN FRANCISCO -- Encoded Therapeutics, a clinical-stage biotechnology company developing precision genetic medicines for…

6 hours

Lyte Switches On With $165 Million Round

SUNNYVALE -- Lyte, a physical AI perception company, has raised a $165 million Series C…

6 hours

Apple Unveils Foldable iPhone Duo

CUPERTINO -- New Apple CEO John Ternus introduced iPhone Duo, the first foldable iPhone, at…

3 days

SciFin Debuts With $44 Million Seed Funding

SAN FRANCISCO -- SciFin, a company that helps revenue teams turn fragmented information into timely…

6 days