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Elon Musk Offloads $4 Billion of Tesla Shares, Pledges No More Sales

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TechCrunch

Musk sells nearly $4 billion worth of Tesla shares

Musk, via Aaron Beckman, his power of attorney, filed a total of five Form 4s with the U.S. Securities and Exchange Commission to cover all 138 individual transactions. The filings don’t reveal why Musk sold his shares, something he’s been wont to do. The money could possibly go towards his recent controversial plans to purchase social media platform Twitter, however, $4 billion seems to hardly make a dent in the $44 billion the acquisition will cost.

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