Tesla CEO Elon Musk sold $6.9 billion worth of Tesla stock, explaining on Tuesday that the money was needed in the event that a deal to buy Twitter was forced upon him if he lost his legal case with the tech giant. “In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock,” Musk tweeted. Musk backed out of the agreement to purchase Twitter for $44 billion in July citing allegations surrounding spam accounts on its platform. Twitter responded by suing Musk to force the completion of the deal, countering that his claims about fake accounts were untrue. The two parties will take their case to court on October 17. Related articles: Elon Musk's pictures of the solar eclipse from space Elon Musk no longer world's richest man Israel approves Starlink internet Judge disqualifies Elon Musk's $56B Tesla salary Musk also said on Twitter on Tuesday that he would repurchase Tesla stock if the Twitter deal does not take place. Musk sold off 7.92 million shares of Tesla between August 5 and 9, according to Reuters . The billionaire currently owns 155.04 million shares, slightly less than 15 percent of the electric vehicle company. Musk also joked on Tuesday that he might create his own social media platform. Replying to a Twitter user’s question on the topic, Musk said if the deal with Twitter does not happen, he will create “X.com.” In March, Musk told the Wall Street Journal that he was “giving serious thought” to creating his own social media platform, but he didn’t give any further details.
IDF Chief of Staff Aviv Kochavi will next week pay a visit Morocco, an Arab country in which no Chief of Staff has paid an official visit to date, it was cleared for publication on Saturday night. On Friday, it was published that Kochavi would next week pay a visit to an Arab country, but the identity of the country was not published until 24 hours later. The Chief of Staff's visit to Morocco comes amid the warming of relations between the two countries since the signing of the Abraham Accords. In March, Kochavi visited the Kingdom of Bahrain. During his visit, he met with the Secretary-General of the Supreme Defense Council and National Security Advisor, the Commander-in-Chief of the Bahrain Defense Force and the Chief of Staff of the Bahrain Defense Force, and other senior Bahraini officials. Subsequent reports indicated that Kochavi had met the Chief of Staff of the Qatari military during his visit to Bahrain. Related articles: 'Israel's shrinking, We're losing whole territories' Reservist raises flag he lowered leaving Gush Katif 'I'm responsible for all actions during my term' Former IDF chief Aviv Kochavi to receive honorary doctorate