SEC Filing Shows Elon Musk Sold 4.4 Million Shares of Tesla Stock Following Twitter Deal

In the days following the Twitter board’s decision to accept his $44bn all-cash takeover bid, Elon Musk has sold 4.4 million shares of Tesla stock (worth roughly $4 billion).

Musk reported the sale in a filing with the Securities and Exchange Commission on Thursday.

The shares were sold over the past few days, at prices ranging from $872.02 to $999.13, were the first by the Tesla chief since a burst of selling late last year that raised more than $16bn (which were offsetting tax payments on vesting options).