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Elon Musk sells 19.5 million Tesla shares worth nearly $4 billion • londonbusinessblog.com

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Tesla CEO Elon Musk is selling millions of Tesla shares again. The famed executive sold 19.5 million shares on Tuesday, worth about $3.95 billion, according to three filings with the U.S. Securities and Exchange Commission.

Musk didn’t take to Twitter to explain why he was selling stock, but it’s possible the money will go toward his $44 billion deal to buy the social media platform, which went through last month.

In April, Musk also sold about 9.6 million shares of Tesla, worth $8.5 billion at the time. Those shares sold for about $885.42. Since then, Tesla has issued a three-for-one stock split, bringing down the cost of each share.

Musk sold shares on Tuesday at an average price of $202.56 each.

Tesla is currently trading at $191.30 after hours.

Read more about Elon Musk's purchase of Twitter at TechCrunch

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