Tesla CEO Elon Musk offered round 4.4 million shares of the corporate on Tuesday, in line with regulatory filings revealed on Thursday.
Musk, by way of Aaron Beckman, his energy of legal professional, filed a complete of 5 Kind 4s with the U.S. Securities and Change Fee to cowl all 138 particular person transactions.
The worth of the gross sales within the filings disclosed is to date is round $4 billion, per Avisionews calculations.
The manager mentioned in a tweet on Thursday: “No additional TSLA gross sales deliberate after at the moment”.
The filings don’t reveal why Musk offered his shares, one thing he’s been wont to do. The cash might probably go in the direction of his latest controversial plans to buy social media platform Twitter, nonetheless, $4 billion appears to hardly make a dent within the $44 billion the acquisition will value.
