11 Aug 2022

Elon Musk sells Tesla shares, claims money needed for Twitter

From Morning Report, 6:50 am on 11 August 2022

Tesla boss Elon Musk has sold $6.88bn worth of shares in the electric car maker.

Musk says he needs the money in case he is forced to buy Twitter for $44bn.

The multi-billionaire is currently embroiled in a legal battle with the social media platform after saying last month he would pull out of a deal to buy it.

Wedbush Securities managing director and former Wall Street tech analyst Daniel Ives spoke to Corin Dann.