Elon Musk sells 19.5 million Tesla shares value nearly $4 billion


Tesla CEO Elon Musk is promoting tens of millions of Tesla shares once more. The superstar government disposed of 19.5 million shares Tuesday, which is value about $3.95 billion, in response to three filings with the U.S. Securities and Exchange Commission.

Musk didn’t take to Twitter to elucidate why he offered shares, nevertheless it’s doable the cash will go in direction of his $44 billion deal to purchase the social media platform, which went by final month.

In April, Musk additionally offered round 9.6 million shares of Tesla inventory, which on the time was value $8.5 billion. Those shares had been offered at round $885.42. Since then, Tesla has issued a three-for-one inventory break up, bringing the price of every share down.

Musk offered shares Tuesday at a mean value of $202.56 every.

Tesla is at present buying and selling at $191.30 after hours.

Read more about Elon Musk's purchase of Twitter on Thealike

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