Elon Musk, the CEO of electric vehicle maker Tesla Inc, has reportedly sold 4.4 million of its shares worth $3.99 billion. The findings were reported by Bloomberg, citing Form 4 filings.
“Form 4 has been split into five filings to cover all 138 individual transactions that occurred on two consecutive transaction dates,” it said.
Musk has reportedly said there are “no further TSLA sales planned after today”.
Also read | Elon Musk, Twitter’s new owner, must have tweets on Tesla pre-approved
The report comes amid a global frenzy over Musk clinching a deal to buy Twitter Inc for $44 billion cash, a transaction that will shift control of the social media platform populated by millions of users and global leaders to the world’s richest person.
(With inputs from agencies)
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