April 7 News, US local time on Wednesday, Tesla CEO Elon Musk refuted rumors that he was reducing his Twitter stake, saying that there is preliminary supervision of his holdings of Twitter shares. The file contains the wrong number of holdings. The 13D filing on Tuesday showed Musk owns 9.1 percent of Twitter.
The day before, in a disclosure to the U.S. Securities and Exchange Commission (SEC), it was revealed that Musk held a 9.2% stake in Twitter. Additionally, a Twitter account called @StockMKTNewz claims that Musk submitted an application to sell 371,900 Twitter shares, reducing his stake in the company to 9.1% from 9.2%.
No sale took place. Initial share number filed was incorrect.
— Elon Musk (@elonmusk) April 6, 2022
In response, Musk posted a rebuttal. But Musk could be subject to a new SEC investigation, including a request for more disclosures, following the revelations of his massive purchase of Twitter stock.