According to new regulatory filings published on Tuesday Tesla CEO Elon Musk has sold another $3.95 billion worth of his shares in the company.
The three Form-4 filings with the Securities and Exchange Commission show Musk sold 9.6 million shares last Friday (Nov 4), followed by another 5 million on Monday (Nov 7) and another 4.4 million shares on Tuesday (Nov 8).
All told Musk sold 19.5 million shares over the three sales for a combined total of $3.95 billion.
The filings don’t state what Musk intends to do with the new pile of cash, but it will likely go towards his recent $44 billion acquisition of Twitter.
Even though Musk said back in August that he was done selling after offloading another $6.9 billion in TSLA shares to “avoid an emergency sale of Tesla stock.”
In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don’t come through, it is important to avoid an emergency sale of Tesla stock.
— Elon Musk (@elonmusk) August 10, 2022
That also came after another statement by Musk in April that he had no plans to sell more TSLA shares after selling $4 billion to fund the purchase.
This latest sale adds to the $22 billion worth of TSLA shares Musk sold in 2021, and another $15 billion earlier this year, bringing the total value of shares Musk has sold over the last two years to more than $40 billion.
It should be noted that much of those previous sales went to Musk’s tax bill, the biggest in the history of the US.