Elon Musk, founder of SpaceX and CEO of Tesla, waves as he arrives for a discussion at the 2020 Satellite Conference in Washington, DC, on Monday, March 9, 2020.
Andres Harrer | Mayor Bloomberg | fake images
Elon Musk sold approximately $4 billion of Tesla shares, according to documents filed with the Securities and Exchange Commission.
In a flurry of transactions on Tuesday and Wednesday, the CEO of Tesla and SpaceX shed around 4.4 million shares of his electric vehicle company.
Most of the CEO’s sales were made on Tuesday, the documents showed. Shares of Tesla fell 12% that day, but were up less than a percentage point on Wednesday.
When the presentations were made public Thursday night, Musk wrote on Twitter: “No further TSLA sales planned after today.” He made the comment in response to an account that heavily promotes Tesla’s stock, products and Musk on the social network.
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