Musk Sells Nearly $4 Billion Tesla Stocks After Twitter Takeover -- Latest SEC Filings
$Tesla (TSLA.US)$ CEO Elon Musk sold about $4 billion worth of Tesla stock in the past three trading days after closing the $44 billion deal with $Twitter (Delisted) (TWTR.US)$.
According to the latest SEC filings disclosed Tuesday evening, Musk sold roughly 19.5 million shares for a total of about $3.95 billion. He sold the stocks for three trading days in a row starting last Friday at a price range from $189.58 to $219.90 a share. His ownership position of Tesla dropped from 14.7% to 14.1% after the latest sales.
![Source: SEC](https://ussnsimg.moomoo.com/feed_image/77777017/03e90a5c9a7331d588f1e1ab61d7be45.png/bigmoo)
The stock price of Tesla dropped in all three days and fell 11% collectively. Tesla closed below $200 at 191.3 on Tuesday, which is the first time since June 2021.
![Musk Sells Nearly $4 Billion Tesla Stocks After Twitter Takeover -- Latest SEC Filings](https://ussnsimg.moomoo.com/feed_image/77777017/91ede42abc8b3b77a5484401b701f0ff.png/bigmoo)
Musk had already sold $31.81 billion in Tesla stock in the past year before the most recent sales, according to the data collected by Dow Jones. Here are two reasons for the sales occurred: one reason is that Musk faced a huge tax bill last year; the other is the Twitter deal that was announced in April this year.
He tweeted that "No further TSLA sales planned after today," after a round of selling in April.
![Musk Sells Nearly $4 Billion Tesla Stocks After Twitter Takeover -- Latest SEC Filings](https://ussnsimg.moomoo.com/feed_image/77777017/f709a3d9bd8b397ca520de169a5760c9.jpg/bigmoo)
However, he continued another round of sale in August and tweeted again that he was done with selling Tesla stocks.
![Musk Sells Nearly $4 Billion Tesla Stocks After Twitter Takeover -- Latest SEC Filings](https://ussnsimg.moomoo.com/feed_image/77777017/084445780d3b3439a399a4dcaf5f1f0e.jpg/bigmoo)
Tuesday's sale of shares is a turnabout for Musk in responed to the tweets in August. The market is guessing he may keep selling the stock later the week. So mooers, what do you think?
![Musk Sells Nearly $4 Billion Tesla Stocks After Twitter Takeover -- Latest SEC Filings](https://ussnsimg.moomoo.com/feed_image/77777017/fdc8dddaf7ae3cf884cc50f5f41d89bc.jpg/bigmoo)
Source: SEC, Twitter, Dow Jones
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TRIUMPHANT RETURNS : Remember it ain't DONE until papa bear Elon says it's done...could be a trick too like time even if he says he's done n pull the rug by selling another few billions...U Been P'UNKED!
CambridgeS : Great time to buy Tesla.
meruson : poor cathie
Milamber : The price crash is his own doing, each time
Aerolor : Looks like more red days ahead
Dream Weaver : Happy to see selling. its PE needs to come down Hopefully others help him along Then there is a thalidomide reason to invest. in their stocks.