Elon Musk has sold nearly $4 billion worth of Tesla shares following his $44 billion Twitter buyout
Nov 9, 2022, 09:33 IST
- Musk has sold 19.5 million Tesla shares worth nearly $4 billion, days after closing his acquisition of Twitter, per regulatory filings.
- Musk sold $20 billion worth of Tesla shares since he disclosed his stake in Twitter in April, per Reuters.
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Elon Musk, the CEO of electric vehicle maker Tesla, has sold 19.5 million of the company's shares — worth around $3.95 billion— after he completed his buyout of Twitter, according to regulatory filings on Tuesday.
The filings showed Musk disposed his Tesla shares between November 4 to November 8 — just days after his deal to Twitter was finalized on October 27.
Musk has sold $20 billion worth of Tesla shares since he disclosed his stake in Twitter in April, according to Reuters. He offered to buy Twitter in the same month.
Tesla shares closed 2.9% lower at $191.30 apiece on Tuesday. They are down about 52% this year so far.