Tesla CEO Elon Musk has sold 7.

92 million shares of Tesla, worth about $6.88 billion, according to a series of financial documents released late Tuesday, which revealed the deal was made between August 5 and 9, during Tesla’s annual meeting. Tesla shareholders on August 4, which took place in Austin, Texas. .
The sale came just four months after Musk announced he had no further plans to sell shares of the automaker, but Securities and Exchange Commission documents revealed that Musk had dumped $8.5 billion of shares following his deal. Initial offer to buy Twitter. rebounded from its May lows, benefiting from broader gains in US equities.
It’s worth noting that as of his last deposit and share sale to date, Musk still owns 155,039,144 Tesla shares, which are worth $131.7 billion at today’s closing price of $850 per share.