Elon Musk sold nearly $4 billion worth of Tesla stock since Twitter deal closed

Twitter confirmed Musk bought the social media company October 27, but he waited until November 4 to start selling additional Tesla shares. He also sold blocks of Tesla stock on Monday and Tuesday this week, according to filings to the Securities and Exchange Commission late Tuesday night.
It’s not clear if the money Musk raised went toward the Twitter purchase, or to support losses at Twitter since he took over.
Tesla’s falling stock

This is not the best time to be selling Tesla shares, which have lost 46% of their value so far this year on disappointing sales caused by supply chain problems.
The company is facing growing competition in the electric vehicle market from established automakers such as Volkswagen, Ford and General Motors. And some investors have expressed concerns that Musk will be too distracted by his purchase of Twitter to give enough attention to addressing Tesla’s problems.