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Musk sold $8.4 billion worth of Tesla stock

Musk sold $8.4 billion worth of Tesla stock

Tesla chief Elon Musk has sold other big bundles of stock in the electric car maker in the middle of his Twitter takeover bid. He sold a total of about 9.6 million shares of Tesla this week, raising about $8.4 billion, according to SEC filings. He wrote on Twitter Friday evening after that, however, no further sale is planned for the time being.

Musk did not give any reasons for selling shares in several large transactions in the documents. According to a Securities and Exchange Commission filing, the tech billionaire transferred 4.4 million shares of Tesla stock on Tuesday and Wednesday, and another 5.2 million shares on Thursday.

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