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Elon Musk offloads $6.9 billion Tesla stake in latest sale

Elon Musk divested about $6.9 billion worth of Tesla stock in case he had to go through a deal to buy Twitter. said.

Musk, CEO of Tesla, traded between August 5 and August 9, SEC financial statements show. The first sale took place the day after the electric car company's annual shareholder meeting in Austin, Texas, CNBC reported.

The world's richest man sold a total of 7.92 million Tesla shares, the report says.

Musk said on his Twitter on Tuesday that the sale of Tesla shares was closed after being advised by another of his users onsocial media.

"If Twitter forces this deal to close and *and* some of our equity partners fail to come to an agreement, it is important to avoid an emergency sale of Tesla shares," he said. said. He said.

But just four months ago he said the same thing.

So far in total, Elon Musk has sold 7.92 million shares of Tesla stock.
Bloomberg via Getty Images

by Axios after selling $8.5 billion worth of Tesla shareshe tweeted in April that he had no plans to sell more,.

"There are no TSLA sales scheduled after today," he replied in his April 28 tweet.

Musk and his Twitter have been in a legal battle since he withdrew from the deal. The deal to acquire the social media giant.

Elon Musk has made claims on Twitter that he was done selling Tesla stock via Twitter.

Mr. Musk said he changed course in July and Twitter accused of neglecting or refusing to provide. Fake or spam his account on the platform, also called bot.

Days later, Twitter sued him to force him to complete the deal, andMusk countersued.

Earlier this month, Muskchallenged his Twitter CEO Parag Agrawal to a "public debate on the proportion of Twitter bots."

Elon Musk and Twitter are currently still in a legal battle, as the social media platform wants the "world's richest man" to finish the deal.

I am selling my shares. ,reported by Bloomberg.

Musk will also buy back Tesla shares if he doesn't have to buy Twitter, which he tweeted on Tuesday.

Tesla shares closed at $850 a share on Tuesday.