Published On: Sat, Apr 30th, 2022

Musk sells $8.5 billion value of Tesla shares

Elon Musk sole around 9.6 million shares of Tesla batch this week, value about $8.5 billion, according to regulatory filings.

Musk still binds about 16% of a automaker.

The value of a sales in a filings disclosed were primarily around $4 billion, per TechCrunch calculations. Later filings showed sales some-more than double that initial amount.

The executive pronounced in a twitter on Thursday: “No serve TSLA sales designed after today.”

The filings don’t exhibit because Musk sole his shares, something he’s been cannot to do. The income could presumably go toward his new argumentative skeleton to squeeze amicable media height Twitter; however, $9.6 billion creates only a hole in a $44 billion a merger will cost.

If Musk backs out of a deal, he’s on a offshoot for $1 billion, per a stop price of a understanding with Twitter, so during slightest that volume would be lonesome by these sales.

A finish timeline of a Elon Musk-Twitter saga

Updated: The essay was updated to simulate serve sales of Tesla shares. The initial essay settled Musk had sole 4 million shares of Tesla stock. Later filings showed he sole 9.6 million shares. 

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