Tesla CEO Elon Musk sold nearly $4 billion worth of shares in the electric car company, SEC filings showed. The news comes less than two weeks after the world's richest man completed his $44bn takeover of Twitter.
Musk has been pushing for ways to pay for the massive deal, for which he took on billions of dollars in debt and earlier sold $15.5 billion worth of shares in Tesla. But tthe reason for the latest sales, which took place in the last week, has not yet been disclosed.
However, Tesla's share price has fallen by more than 50% since the start of this year.
Musk took control of Twitter and fired its top executives in late October. Since then, he has been searching for ways for the social media platform to make money after the buyout, including an idea to charge users $8 a month for verified accounts.
Musk has been pushing for ways to pay for the massive deal, for which he took on billions of dollars in debt and earlier sold $15.5 billion worth of shares in Tesla. But tthe reason for the latest sales, which took place in the last week, has not yet been disclosed.
However, Tesla's share price has fallen by more than 50% since the start of this year.
Musk took control of Twitter and fired its top executives in late October. Since then, he has been searching for ways for the social media platform to make money after the buyout, including an idea to charge users $8 a month for verified accounts.
