- 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.
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.