Elon Musk Sells $8.5 Billion Worth of Tesla Shares

Elon Musk has sold billions of dollars in Tesla stock this week. His sale equals out to just over 9.6 million shares which equals $883.09 per share according to fillings he made with the securities and exchange commission yesterday. The sale represents 5.6% of the Tesla shares Musk held outright at the start of the day Tuesday and less than 4% of his total holdings of Tesla stock options he controls are included. The filing does not disclose the reason for the sale but it could have something to do with Musk’s deal with Twitter.