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Musk Sells Another $6.9 Billion of Tesla Ahead of Twitter Trial

  • Billionaire has offloaded $32 billion of stock since November
  • Musk says he’ll buy shares back if deal doesn’t close
Bloomberg business news
WATCH: Musk has sold almost $7 billion of shares in Tesla, according to regulatory filings. Emma O’Brien reports.Source: Bloomberg
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Elon Musk offloaded $6.9 billion worth of stock in Tesla Inc. to accumulate cash ahead of a trial that could force the billionaire to follow through on an agreement to acquire Twitter Inc.

Tesla’s chief executive officer sold about 7.92 million shares during the last three days of trading, according to regulatory filings. Musk, who still owns almost 15% of the electric-car maker, tweeted that he was done selling and would buy Tesla shares if the Twitter deal doesn’t close.