Elon Musk sells USD 3.95 billion worth of Tesla stock
Washington (AP): Twitter's new owner and Tesla CEO Elon Musk has sold nearly USD 4 billion worth of Tesla shares, according to regulatory filings.
Musk, who bought Twitter for USD 44 billion, sold 19.5 million shares of the electric car company from November 4 to November 8, according to Tuesday's filings with the Securities and Exchange Commission.
He sold USD 7 billion of his Tesla stock in August as he worked to finance the Twitter purchase he was trying to get out of at the time.
In all, Musk has sold more than USD 19 billion worth of Tesla stock since April, including those in Tuesday's filings, likely to fund his share of the Twitter purchase.
Most of Musk's wealth is tied up in shares of Tesla Inc. On Tuesday, his personal net worth dropped below USD 200 billion, according to Forbes, but he is still the world's richest person.
Musk had lined up banks including Morgan Stanley to help finance the Twitter deal. His original share of the deal was about USD 15.5 billion, Wedbush Analyst Dan Ives estimated.
But if equity investors dropped out, Musk would be on the hook to replace them or throw in more of his own money.
Tesla's shares closed down USD 5.78 or 2.9 per cent, at USD 191.30. The stock has lost 52 per cent of its value since the start of this year.
In comparison, the S and P 500 index has lost about 20 per cent of its value so far this year.
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US rules out use of nuclear weapons against Iran
Washington DC: The White House has reportedly ruled out the use of nuclear weapons against Iran, even as uncertainty continues over ongoing peace negotiations and a deadline set by US President Donald Trump approaches.
Issues bout a possible escalation had increased after US Vice President JD Vance said that the United States has “tools in our toolkit that we so far haven’t decided to use” in dealing with Iran.
His remarks came amid rising tensions and ahead of a deadline linked to peace efforts.
The situation has attracted attention as Trump warned Iran that its “whole civilization will die tonight tonight” if an agreement is not reached by Tuesday at 8 pm.
This statement led to speculation about the possibility of extreme military measures, including a nuclear strike.
Following Vance’s comments, the White House issued a clarification distancing itself from such interpretations. In a post on X, it said, "Literally nothing @VP said here 'implies' this, you absolute buffoons." In a later statement, it added that “only the president knows” what action will be taken regarding Iran.
Literally nothing @VP said here "implies" this, you absolute buffoons https://t.co/7JU3wXMaWX
— Rapid Response 47 (@RapidResponse47) April 7, 2026
