World News
Elon Musk sells $6.9bn of Tesla shares in case he is forced to buy Twitter by lawsuit
The world’s richest man, Elon Musk has sold another 7.92 million shares in electric car maker, Tesla worth around $6.88bn (£5.7bn).
The sales took place after the firm’s annual shareholder meeting last week, regulatory filings show.
The multi-billionaire is currently embroiled in a legal battle with Twitter after saying last month he would pull out of a deal to buy it.
Musk says he needs the money from the Tesla shares in case he is forced to buy Twitter for $44bn.
According to six filings with the US Securities and Exchange Commission, the latest transactions were carried out on 5, 8, and 9 August.
Read Also: ‘The Breakfast Club’ Co-Host Angela Yee Says the Show ‘as You Know It Is Officially Over’
After news of the share sale was made public Musk responded to a tweet asking whether he had finished selling Tesla shares with “yes”, adding that he needed the money in case he was forced to buy Twitter and was unable to secure some of the funding for the deal.
“It is important to avoid an emergency sale of Tesla stock,” he said.
Asked by another user whether he would buy Tesla shares again if the Twitter takeover does not take place Mr. Musk also responded “yes”.
World News
Kid Cudi cancels tour after breaking foot at Coachella
Kid Cudi has been forced to cancel his tour after breaking his foot at Coachella over the weekend. During the fest’s Weekend Two on Sunday night, the rapper went to the hospital with a broken foot after jumping off the stage at the Sahara Tent. (more…)
World News
The Un Certain Regard Jury of the 77th Festival de Cannes
The Canadian actor, director, screenwriter and producer Xavier Dolan will be the President of the Un Certain Regard Jury of the 77th Festival de Cannes. He will be joined by French-Senegalese screenwriter and director Maïmouna Doucouré, Moroccan director, screenwriter and producer Asmae El Moudir, German-Luxembourg actress Vicky Krieps, and American film critic, director, and writer Todd McCarthy. They will be in charge of awarding prizes for the Un Certain Regard section, which showcases art and discovery films by young auteurs.
This year, 18 films have been selected, including 8 first films. The 2023 Un Certain Regard top prize went to director Molly Manning Walker’s debut feature How to Have Sex.
When the light breaks by Rúnar Rúnarsson will open the Un Certain Regard section on Wednesday May 15, 2024.
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World News
Kanye West reportedly planning to launch porn studio
World News
Additions to the selection of the 77th Festival de Cannes
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World News
Eminem celebrates 16 years of sobriety
World News
Coachella 2024: DJ Snake (Hip Hop Set) and TroyBoi Play Surprise Sets at Do LaB Stage
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