Musk sells practically $4 billion value of Tesla shares – TechCrunch

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Tesla CEO Elon Musk bought round 4.4 million shares of the corporate on Tuesday, in keeping with regulatory filings printed on Thursday.

Musk, by way of Aaron Beckman, his energy of legal professional, filed a complete of 5 Kind 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 this point is round $4 billion, per TechCrunch calculations.

The manager stated in a tweet on Thursday: “No additional TSLA gross sales deliberate after as we speak”.

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



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