Tesla: Elon Musk sells for 4 billion dollars of shares – 04/29/2022 at 14:30

(AOF) – Elon Musk sold about four billion dollars worth of Tesla shares on Tuesday and Wednesday. This sale follows the agreement reached on the takeover of Twitter for more than 40 billion dollars, for which Elon Musk must contribute nearly half by personal contribution. The iconic entrepreneur indicated on his Twitter account that he was not planning any additional sales. This allows Tesla stock to rise 1.9% in pre-opening on Wall Street.

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New giant in used cars

The market, which represents 400 billion euros in Europe, is subject to a movement of concentration. The British group Constellation has taken over the retail platform, CarNext. The objective is to form a European leader in the sector and to impose itself against other leaders such as the German AutoHero, the British Cazoo or the French Aramis Auto. Fundraising is accelerating. The British Cazoo has announced its listing on the New York Stock Exchange via a Spac (Special Purpose Acquisition Company) to raise $1.6 billion. The German Auto1 Group raised 1.8 billion euros on the Frankfurt Stock Exchange while the French Aramis Group, a subsidiary of Stellantis, entered the Paris Stock Exchange.

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