On August 9, Musk took to Twitter — which he now owns — to tell his followers and fans that he would stop selling shares of his company to fund plans to take over the social media platform.

In 2021, tech billionaire Elon Musk sold $22 billion worth of Tesla shares, but in April and August he liquidated $8 billion and $7 billion of shares, respectively.

Meanwhile, according to his report to the US Securities and Exchange Commission published on Tuesday, Elon Musk reportedly He sold another 19.5 million of his Tesla stock worth $3.95 billion.

Following this growth, and at the time of writing, after reaching $194.90 per share, electric car company Tesla’s share price was $191.30 after seeing a decline of 2.93%.

Lots of concerns about the billionaire’s new company “Twitter”.

Musk has been the subject of many headlines since completing the deal that made him the new CEO of Twitter.

US President Joe Biden has accused Elon Musk of spreading lies on a massive scale after buying the social media platform.

In what could be described as retaliation against Musk, he used Twitter on the eve of the midterm elections to appeal to independent voters to vote Republican because the presidency was already Democratic.

Furthermore, US Senator Chris Murphy pointed out Investigations should be done in that regard Saudi Arabia’s National Security Implications of Musk’s Twitter Purchase

Prince Alwaleed bin Talal bin Abdulaziz of Saudi Arabia was one of Elon Musk’s partners who helped complete the Twitter deal.

Elon Musk has remained silent on his crypto projects

Following this decision, some are wondering if SpaceX’s CEO will soon sell off his previously held crypto holdings.

In July of this year, Musk Tesla 75% of its holdings are in BitcoinN, this decision surprised many people because they believed that the billionaire was serious about keeping his crypto balance in his wallet.

However, so far, Elon Musk has remained silent about his thoughts on cryptocurrency and hasn’t even mentioned the asset he loves the most – Dogecoin.

Additionally, there are unconfirmed reports that Twitter has suspended all of its crypto-related projects. However, the social networking site “Twitter” did not respond to inquiries on this matter.