Elon Musk sells another $3.95 billion in Tesla (TSLA) shares after Twitter purchase

Elon Musk Twitter
Credit: @elonmusk | Twitter

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.”

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.

You can read the three Form 4 filings here, here, and here.

About Darryn John 5368 Articles
Founder and Editor-in-chief of Drive Tesla Canada | Darryn@DriveTeslaCanada.ca Have a Tesla tip? Email tips@driveteslacanada.ca, or DM us on Twitter @DriveTeslaca