A recently released SEC filing revealed that Tesla CEO Elon Musk sold approximately 7.9 million TSLA shares worth $6.9 billion after the 2022 Annual Shareholders Meeting on August 4. Musk’s recent Form 4 filings were split into six transactions between August 5 to August 9, 2022.
Blomberg, which first reported the story, noted that the purpose of the latest Tesla stock sales by Elon Musk wasn’t immediately clear.
However, Electrek thinks “It’s not impossible that Musk has come to a settlement with Twitter and he is selling to cover more of the equity portion of the deal, but that’s pure speculation at this point.”
I don’t know the reason of Musk’s stock sale either, but in any case he timed his sale nicely at the more recent top
This is Armen Hareyan from Torque News. Please follow us at on Twitter and for daily automotive news.
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