Elon Musk sells more shares in Tesla: $ 8,500 million after Twitter acquisition

Elon Musk sells more shares in Tesla: $ 8,500 million after Twitter acquisition
File image: Elon Musk, founder and CEO of Tesla Motors, speaks during a media tour of Tesla Gigafactory, a manufacturer of batteries for electric car makers in Spark, Nevada, USA. July 26, 2016. REUTERS / James Glover II

Elon Musk revealed on Friday that he had sold more than $ 4.5 billion worth of Tesla Inc. corporate stock in new regulatory filings. Its total sales this week reached $ 8.5 billion Following the contract to buy Twitter Inc

On April 28, the Tesla CEO sold more than 5 million shares, according to new records. That is, A total of 4.4 million shares were announced for sale on April 26 and 27 after Thursday night.

In addition, Musk has already pulled out more than $ 24 billion worth of shares from electric car makers over the past six months.

On April 25, the world’s richest man struck a deal to acquire Twitter for $ 44 billion, using a financing scheme that has annoyed some Tesla investors. In addition to pledging tens of billions of dollars in his Tesla stock for margin loans, Musk pledged to raise about $ 21 billion in capital. It is unknown at this time what he will do after leaving the post.

The latest information comes after Musk tweeted on Thursday that “no new Tesla sales are planned after today.” Although shareholders were not yet aware of the full extent of the share sale, it is technically correct to say that the sale took place that day.

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Shares of Tesla rose 3.7% to 9:37 am New York time.

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