Elon Musk Sells About $4 Billion in Tesla Stock After Agreeing to Buy Twitter
Posted on AllSides April 29th, 2022
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Elon Musk sold roughly $4 billion worth of Tesla Inc. stock in the two days after agreeing to buy Twitter Inc. for $44 billion, according to regulatory filings made public late Thursday.
The Tesla chief executive reported selling a total of more than 4.4 million shares on Tuesday and Wednesday at prices between around $870 and $1,000 a share, the filings show.
Mr. Musk is Tesla’s largest shareholder and owned roughly 17% of the electric-vehicle maker, or more than 172 million shares, before this week’s sales, according to FactSet.
He is on the hook to come up with $21...
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