Wall Street

Musk’s Tesla stock sale windfall dwarfs Twitter loss

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Reuters UK

By Noel Randewich and Hyunjoo Jin (Reuters) – Elon Musk’s attempt to scrap his purchase of Twitter Inc may leave the world’s wealthiest person in a stronger financial position than before he unveiled the $44 billion deal, with billions of dollars in cash from selling Tesla shares now sitting in the bank. After Musk on Friday tore up his April 25 agreement to buy the social media platform, with Twitter promising to force him to make good, the two sides face a potentially drawn-out legal battle that could still cost Musk billions of dollars, according to legal experts. Whatever the outcome may b…

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