Elon Musk Continues To Sell Tesla Share

Elon Musk Sells Nearly $4Bln Shares Of Tesla

Elon Musk sold 19.5 million shares of the electric vehicle maker worth $3.95 billion on Tuesday, latest securities filings revealed.

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Musk had about $20 billion in cash after selling a part of his stake in Tesla.

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According to the Reuters report, Musk would have required to raise an additional $2 billion to $3 billion to finance the Twitter deal.

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Musk had earlier said that there would be no further sales of Tesla shares after he completed a share sale in April and August.

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Musk's net worth is down by $70 billion ever since he bid for Twitter in April.

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Tesla has lost nearly half its market value since Musk began Twitter deal.

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Musk has unloaded about $36 billion worth of shares in the past year, around half of that since he went public with his Twitter buyout plan

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