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Musk Sells $4 Billion of Tesla Stock After Sealing Twitter Deal

April 29, 2022, 8:31 AM

Elon Musk sold about $4 billion worth of Tesla Inc. stock days after reaching a $44 billion deal to buy Twitter Inc.

The Tesla chief executive officer offloaded 4.4 million shares on April 26 and April 27, according to regulatory filings. Musk has now disposed of more than $20 billion worth of stock in the electric-car maker during the last six months.

The world’s wealthiest man reached an agreement on April 25 to acquire Twitter using a financing plan that’s alarmed some Tesla investors. In addition to pledging tens of billions of dollars worth of his Tesla shares to ...