Musk Sells More Tesla (TSLA) Stock Amid Twitter Showdown
Musk sold 7.92 million Tesla shares between Friday, Aug. 5, and Tuesday, Aug. 9, worth around $6.88 billion, the SEC filing revealed. The SpaceX and Tesla CEO's sales come less than a week after shareholders in the electric vehicle (EV) company approved a 3-for-1 stock split, which takes effect on Aug. 24.
In a Tuesday night tweet, Musk told his 103 million followers that he was done selling shares in the EV automaker: "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."However, the Tesla co-founder posted a similar tweet on April 28 after selling $8.5 billion shares, saying he had no more planned sales in the company.
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