Musk sells Tesla shares worth $4 billion, says no more sales planned
Reuters
April 29, 2022 11:37 MYT
April 29, 2022 11:37 MYT
SpaceX owner and Tesla CEO Elon Musk speaks during a conversation with legendary game designer Todd Howard (not pictured) at the E3 gaming convention in Los Angeles, California, U.S., June 13, 2019. REUTERS/Mike Blake/File Photo
Tesla Inc Chief Executive Officer Elon Musk sold 4.4 million shares of the electric vehicle maker worth $3.99 billion, U.S. securities filings showed on Thursday, in sales likely to help finance his planned purchase of Twitter.
Musk said in a tweet that there are "no further TSLA sales planned after today."
Tesla Inc lost ground on Thursday amid investor concerns that Musk may have to sell Tesla shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc.