Electric Automobile Company Tesla CEO Elon Musk sold 7.9 million shares of Tesla stock

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Electric Automobile Company Tesla CEO Elon Musk sold 7.9 million shares of Tesla stock
Electric Automobile Company Tesla CEO Elon Musk sold 7.9 million shares of Tesla stock

Tesla CEO Elon Musk sold 7.9 million shares of Tesla stock in recent days, raising $6.9 billion with sales.

The sales from Friday through Tuesday were disclosed in a series of filings with the Securities and Exchange Commission late Tuesday night. They mark the first sale of Tesla shares by Musk since April, when he sold 9.6 million shares, raising $8.5 billion at that time.

Those April sales came soon after Musk had reached a deal to buy Twitter for $44 billion. But a month ago he announced that he does not plan to go through with that deal, arguing that Twitter management did not disclose material information about how many user accounts were bots and spam accounts rather than accounts run by actual people. Twitter (TWTR) quickly sued to force Musk to go ahead with the deal on the terms reached in April.

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