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Musk sells nearly $7b in Tesla stock
Tesla CEO Elon Musk has sold 7.92 million Tesla shares, worth nearly $7bn
Tesla CEO Elon Musk has sold 7.92 million in $TSLA shares, worth around $6.99bn USD.
The transactions were given the go ahead between August 5-9, according to financial files released.
The deal was announced shortly after the electric carmakers 2022 annual shareholder meeting.
Musk approved the sale, despite earlier promises that “no further Tesla sales” were planned.
“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,”
Elon Musk
His followers are still waiting for further explanation about the unannounced deal and what it means for the company moving forward.
However, this latest announcement comes amid some broader market woes and just weeks after Musk scrapped his $44 billion takeover of Twitter.