Musk sells almost $4 billion price of Tesla shares – TechCrunch
Tesla CEO Elon Musk offered round 4.4 million shares of the corporate on Tuesday, in accordance with regulatory filings revealed on Thursday.
Musk, by way of Aaron Beckman, his energy of legal professional, filed a complete of 5 Type 4s with the U.S. Securities and Change Fee to cowl all 138 particular person transactions.
The worth of the gross sales within the filings disclosed is thus far is round $4 billion, per TechCrunch calculations.
The manager mentioned in a tweet on Thursday: “No additional TSLA gross sales deliberate after at the moment”.
The filings don’t reveal why Musk offered his shares, something he’s been wont to do. The cash might presumably go in the direction of his latest controversial plans to buy social media platform Twitter, nonetheless, $4 billion appears to hardly make a dent within the $44 billion the acquisition will cost.