Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.
Investors were waiting for stock sales from Tesla CEO Elon Musk, guessing he needed to sell more shares to finish his Twitter purchase. He sold more stock, but it happened after the Twitter deal closed.
Musk disclosed the sale of 19.5 million shares of
(ticker: TSLA), or about $3.95 billion of it, in 38 separate transactions on Nov. 4, 7 and 8. He has been selling stock for the past three days, according to disclosure filings that posted on Tuesday.