Elon Musk sells $8 billion worth of Tesla stock after Twitter deal
Elon Musk sold shares of Tesla stock worth roughly $8.4 billion this week, according to new filings with the Securities and Exchange Commission on Friday.
Why it matters: The sell-off is presumably linked to his deal to buy Twitter for around $44 billion.
- Tesla's stock price has fallen over 20% over the last six months, and there are indications that it could continue to fall.
What they're saying: Musk said in a tweet Thursday that he doesn't have any further plans to sell Tesla shares.
Editor's note: This story has been updated to reflect that new filings put the total value of Musk's stock sell-off at $8.4 billion.