Elon Musk sells Tesla shares worth nearly $4 billion after buying Twitter
2 years, 2 months ago

Elon Musk sells Tesla shares worth nearly $4 billion after buying Twitter

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Tesla Inc Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion on Tuesday, according to U.S. securities filings, days after he completed the $44 billion takeover of Twitter Inc. Musk sold at least $3.95 billion of the electric-vehicle maker’s shares, according to regulatory filings on Tuesday in New York, his first disposals since August. The latest stock sale comes as analysts had also widely expected Musk to sell additional Tesla shares. Tesla has lost nearly half its market value and Musk's net worth slumped by $70 billion ever since he bid for Twitter in April. He’s unloaded about $36 billion worth of shares in the past year, around half of that since he went public with his Twitter buyout plan, according to data compiled by Bloomberg.

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