Musk sells nearly $4 billion worth of Tesla shares

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

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Musk, through Aaron Beckman, his power of attorney, filed a total of five Form 4 with the U.S. Securities and Exchange Commission to cover all 138 individual transactions.

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According to TechCrunch’s calculations, the value of sales disclosed in filings is currently around $4 billion.

On Thursday, the executive tweeted, “No further sales of TSLA planned after today.”

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The documents do not reveal why Musk sold his shares. something he is used to doing. The money could possibly go towards his recent controversial plans to buy social networking site Twitter, but $4 million doesn’t seem likely to sway his plans. The acquisition will cost $44 billion..




Credit: techcrunch.com /

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