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The sale in shares, which were conducted on Tuesday and Wednesday, was coupled with the stock of the electric vehicle company plummeting 20 percent, with Musk, the company’s CEO, simply tweeting on Thursday, ‘No further TSLA sales planned for today.’
The sale comes as Musk, the world’s richest man, goes forward with his plan to purchase Twitter for $44 billion.
Elon Musk (above) sold 4.4 million shares of Tesla valued at nearly $4 billion on Thursday
Tesla’s stock began plummeting on Tuesday as Musk started offloading his shares
According to the SEC filings, Musk, who owned 17 percent of Tesla, made the sales at prices between $870 and $1,000 per share.
This story is developing.