6 months ago • 1:28 min
According to regulatory filings that landed after the market closed on Tuesday, Elon Musk has just sold another $6.9 billion worth of his Tesla shares – four months after categorically saying he wouldn’t offload any more of them. That means Musk has now sold around $32 billion worth of the EV maker’s stock in the past 10 months.
The reason for the sale, Musk said, was to avoid a last-minute selloff of Tesla’s shares in case he’s forced to go ahead with his abandoned $44 billion deal to buy Twitter. That’s very possible: the social media company is taking him to court arguing that he’s now obliged to follow through with the agreement. But when one of his Twitter followers asked if he’d buy Tesla’s stock back if he doesn’t sign on the
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