Elon Musk sells Tesla shares worth $4 billion
Elon Musk, the CEO of Tesla and the new owner of Twitter, sold 19.5 million Tesla shares on Tuesday for roughly $4 billion, according to US securities filings. The shares are worth $3.95 billion in total.
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Elon Musk, the CEO of Tesla and the new owner of Twitter, sold 19.5 million Tesla shares on Tuesday for roughly $4 billion, according to US securities filings. The shares are worth $3.95 billion in total.
With this most recent sale, Musk has now sold roughly $20 billion worth of Tesla stock. Elon Musk had already said that there will be no further Tesla share sales after doing so in April and August for a total of $15.4 billion.
After taking over Twitter last month, Musk took drastic action, firing half the employees and announcing plans to charge for blue check verification marks.
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On April 4, Musk revealed that he was the company’s top stakeholder with a 9.2 percent stake, starting the $44 billion takeover. After stating that he intended to remove spam accounts, his attorneys charged Twitter with failing to provide the information they had requested.
