Elon Musk Tesla's top boss Elon Musk has sold $8.5 billion worth of shares in the electric carmaker, media reports said.
This comes just days after Twitter accepted his proposal for the takeover of the microblogging site.
It is being speculated that Musk offloaded the shares to finance the $44 billion buyout of the social media platform.
Post the sale, Musk tweeted that he has no more plans to sell his shares in Tesla.
Filings to the US Securities and Exchange Commission showed that Musk sold a total of 9.6 million Tesla shares this week, BBC reported.
The billionaire still owns more than 15 percent of the company.
Musk had sold $16.4bn worth of stock in November and December last year.
That came after he sought the opinion of his nearly 89 million Twitter followers on whether he should sell 10 percent of his stake in the electric car maker.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
