Tech

Musk sells nearly $4 billion worth of Tesla shares – RegularFeed

Tesla CEO Elon Musk offered round 4.4 million shares of the corporate on Tuesday, in line 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 to date is round $4 billion, per RegularFeed calculations.

The chief mentioned in a tweet on Thursday: “No additional TSLA gross sales deliberate after right this moment”.

The filings don’t reveal why Musk offered his shares, one thing he’s been wont to do. The cash might probably go in the direction of his current controversial plans to buy social media platform Twitter, nevertheless, $4 billion appears to hardly make a dent within the $44 billion the acquisition will price.



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