Elon Musk was busying selling shares of Tesla earlier this week, to the tune of $4 billion worth. The transactions happened on Tuesday and Wednesday after his deal to purchase Twitter was approved.
Filings with the Securities and Exchange Commission on Thursday revealed Musk sold about 4.4 million shares of Tesla, worth roughly $4 billion.
FINAL UPDATE: The fifth and final form 4 was just filed.
Filing: https://t.co/uYpxbdEkjw pic.twitter.com/WAjuau1gSS
— Sawyer Merritt 📈🚀 (@SawyerMerritt) April 29, 2022
After the SEC filings came to light, Musk said on Twitter Thursday, “no further TSLA sales planned after today.”
No further TSLA sales planned after today
— Elon Musk (@elonmusk) April 29, 2022
The new sales of Tesla shares on Thursday will likely come to light in the next SEC filing on Friday or Monday.
“Selling far less than [$21 billion] in $TSLA shares implies Elon is likely bringing one or more equity partners into the deal or will sell other assets to satisfy the [$21 billion] commitment. It also suggests Elon intends to fast track the $TWTR purchase rather than wait months to complete it,” said Gary Black, Managing Partner of The Future Fund.
On Monday, Twitter agreed to Musk’s deal to acquire the social media network and take it private, in a deal worth $54.20 per share or $44 billion.
