Elon Musk sold Tesla shares worth about 7 billion dollars

The founder and CEO of Tesla, Elon Musk, sold 7.9 million shares of the company for a total of $ 6.9 billion.

Musk sold his shares on August 5-9 after the Annual Meeting of Tesla shareholders, which took place in Austin, Texas, on August 4.

Stock trading was carried out a few weeks after the businessman bought Twitter for $ 44 billion and abandoned further trials. According to the Bloomberg agency, funds will be needed if the billionaire is forced to pay the contract money.

In his social media account, Musk replied “Yes” to the user's question of whether he would buy back shares if the agreement did not work out.

Over the past ten months, the entrepreneur has sold Tesla's shares worth about $ 32 billion. The last time a $ 8.4 billion stock was sold was in April.

Now the amount of Tesla shares owned by Musk is 155 million units. Shares on the NASDAQ Exchange fell by 2,44%, reaching 850 dollars per share.

P.S. Forbes currently estimates Musk's total fortune at $ 255.1 billion.