Elon Musk sells $4bn worth of Tesla shares as he prepares to move forward with his Twitter takeover
Tesla chief executive Elon Musk has sold almost $4bn worth of shares in the electric car maker, US regulatory filings showed on Thursday.Tesla's shares fell sharply earlier this week over concerns that he will sell part of his stake in the firm to help pay for his takeover of Twitter.
On Monday, the social media platform's board unanimously accepted a $44bn offer from the world's richest person. Filings to the US Securities and Exchange Commission showed that Mr Musk sold a total of 4.4 million Tesla shares on Tuesday and Wednesday. Neither the regulator or Mr Musk gave a reason for the sale, although it has led to speculation that it was likely to help finance his planned buyout of Twitter.
He also tweeted: "No further TSLA sales planned after today". TSLA is the stock quote of Tesla, which is listed on the Nasdaq index in New York.— Elon Musk
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