Elon Musk sold nearly $4 billion worth of Tesla shares this week, just days after the billionaire agreed to purchase Twitter for $44 billion, according to filings with the Securities and Exchange Commission.
According to the filings, the CEO offloaded about 4.4 million shares of the electric vehicle company for about $3.9 billion, with the majority of the share sales taking place on Tuesday and Wednesday.
Sales prices ranged between about $872 and $999 per share. The filings don’t reveal the reason behind why Musk sold his shares.
In a post on Twitter shortly after the filings were published on Thursday, Musk said: “No further TSLA sales planned after today.”
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