Hyperdrive
Musk Sells Another Batch of Tesla Shares Despite Vow to Stop
- Billionaire unloads $3.95 billion more of EV maker’s stock
- Latest move brings total sold to $36 billion in past year
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Billionaire Elon Musk unloaded another batch of Tesla Inc. shares to help fund his buyout of Twitter Inc., bringing his sales of the electric-vehicle maker’s stock to about $36 billion in the past year.
Musk disposed of 19.5 million shares worth $3.95 billion in the latest transactions, according to regulatory filings late Tuesday in New York. The documents didn’t indicate the sales -- his first since August -- were pre-planned.