Elon Musk sold $6.9 billion Tesla Shares For Twitter's Deal!

Arrow

Elon Musk offloaded $6.9 billion of stock in Tesla, saying he wanted to avoid a last-minute selloff if he is forced to go ahead with his Twitter deal.

According to filings published on the Securities and Exchange Commission's website, Musk sold some 7.9 million shares between August 5th and 9th.

"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," Said Elon Musk.