Elon Musk sold Tesla shares for $8.5 billion

Kostia Andreikovets

Billionaire Elon Musk sold Tesla shares worth nearly $8.5 billion in three days. Musk began actively selling shares after concluding a deal to buy Twitter.

This was reported by Reuters.

Musk and Twitter signed a deal on April 25, and on April 26 the billionaire began selling shares. In total, it sold more than 9.6 million Tesla shares at a price ranging from $ 820 to $ 1,000 per share.

Musk currently owns 163 million shares of Tesla, a share of about 16% of the company and remains its largest shareholder.