Musk sells nearly $4 billion in Tesla stock – TechCrunch 2022-04-28 23:02:51


Tesla CEO Elon Musk sold about 4.4 million shares of the company on Tuesday, according to regulatory filings published Thursday.

Musk, through his attorney general Aaron Beckman, filed a total of five Form 4 with the SEC to cover all 138 individual transactions.

Sales in the filings disclosed so far are about $4 billion, according to TechCrunch’s calculations.

“No more TSLA sales planned after today,” the CEO said in a tweet Thursday.

The filings do not reveal why Musk sold his shares. Something he used to do. The money will likely go toward his recent controversial plans to buy social media platform Twitter, however, and it appears that $4 billion is barely making any impact in $44 billion acquisition cost.

However, if Musk backs out of the deal, He’s in trouble for $1 billionsubject to a transaction termination fee with Twitter, so at least that amount will be covered by these sales.