Elon Musk sold $ 4 billion worth of Tesla shares this week after reaching an agreement with the board. Twitter’s acquisition of the company for $ 44 billion.
According to data from the US Securities and Exchange Commission released yesterday, the CEO revealed that he sold about 4.4 million Tesla shares on Tuesday and Wednesday, for about $ 3.9 billion.
Selling prices vary between $ 870-999 per share.
In a tweet late Thursday night, Musk stressed that “no further Tesla share sales are planned after today.”
On Monday, Twitter announced that it had accepted the offer to buy Musk at $ 55.20 per share, which is a premium of 38% compared to April 1, when Musk revealed his 9% stake in the social media company.