Elon Musk sells 7.92 million Tesla shares price $6.88 billion

Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City. (Photo by Dimitrios Kambouris/Getty Images for The Met Museum/Vogue)

Dimitrios Kambouris | Getty Images Entertainment | Getty Images

Tesla CEO Elon Musk bought 7.92 million shares of Tesla price round $6.88 billion, in accordance with a collection of monetary filings printed Tuesday night time.

His transactions occurred between Aug. 5 and 9, the SEC filings revealed, following Tesla’s 2022 annual shareholder assembly on Aug. 4 in Austin, Texas.

Earlier this yr, the Tesla and SpaceX CEO mentioned on social media that he had “no further TSLA sales planned” after April 28.

That week, SEC filings revealed Musk had been promoting a block of shares in his electrical automobile maker price about about $8.4 billion.

The centi-billionaire is within the midst of a contentious authorized battle with Twitter, the social networking large he agreed to accumulate in April for about $44 billion or $54.20 per share.

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Amid an general market decline, Twitter’s share worth and the value of Tesla shares dropped. Musk mentioned he was terminating the deal and accused Twitter of failing to provide him all the data he wanted to go forward with the acquisition.

He additionally accused Twitter of understating the variety of bots, spam and pretend accounts on its platform.

By July 8, Musk instructed Twitter he was terminating the deal.

Twitter has sued to make sure the Musk deal goes by means of for the promised worth, which might signify a windfall for a lot of of its shareholders.

Tesla shares have been buying and selling practically flat after hours on the information. Shares in Tesla closed at $850, down simply over 2% for the day on Tuesday, earlier than the CEO’s insider gross sales have been made public by means of SEC filings.


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