Elon Musk on Tuesday disclosed in six filings that he sold $6.85 billion worth of Tesla Inc. shares on Aug. 5. He later took to Twitter to clarify that the disposals were a preemptive move to mobilize funds to finance a “hopefully unlikely” Twitter Inc. deal, if it is enforced and some equity partners don’t come through.
“It is important to avoid an emergency sale of the Tesla stock,” he added.
