Elon Musk gives positive news amid Twitter lawsuit

• Elon Musk announced on Twitter that one million cars were made in China.
• Tesla CEO sold shares valued at close to $7 billion between August 5 and 9.
• He and Twitter are engaged in a court battle over a $44 billion takeover offer.

Elon Musk, the CEO of Tesla, announced the good news to his followers while he fought Twitter in court over a $44 billion acquisition offer.

The billionaire revealed on Twitter that one million of the three million cars produced by his company, Tesla, were produced at the Gigafactory Shanghai.

“Congrats, Giga Shanghai on making the millionth car! Total Teslas made now over 3M,” he tweeted.

Congrats Giga Shanghai on making millionth car! Total Teslas made now over 3M. pic.twitter.com/2Aee6slCuv

— Elon Musk (@elonmusk) August 14, 2022

He announced the good news days after selling Tesla shares valued at close to $7 billion, according to legal documents released last week.

Approximately 7.9 million shares were sold by the Tesla CEO between August 5 and August 9, according to documents posted on the Securities and Exchange Commission’s website.

Towards the end of Tuesday, Musk posted on Twitter, “It is crucial to avoid an emergency sale of Tesla stock, in the (hopefully improbable) case that Twitter compels this deal to close and some equity partners don’t come through.

The erratic Tesla CEO and Twitter are engaged in a court dispute over his attempt to renege on the April agreement to purchase the company. A judge has decided that the trial will start in October.

In a countersuit, Musk has charged Twitter with fraud and claimed that the social media site misled him about important aspects of its operations before he consented to a $44 billion takeover.

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