Elon Musk Sells $6.9 Billion in Tesla Shares Ahead of Twitter Court Battle

Elon Musk Sells $6.9 Billion in Tesla Shares Ahead of Twitter Court Battle
SpaceX owner and Tesla CEO Elon Musk looks on after arriving on the red carpet for the Axel Springer award, in Berlin, Germany, on Dec. 1, 2020. Hannibal Hanschke/Pool/File Photo/Reuters
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Elon Musk has sold a further $6.9 billion of his shares in Tesla Inc., according to new filings with the Securities and Exchange Commission published on Aug. 9.

The selloff took place between Aug. 5 and Aug. 9 following Tesla’s annual shareholder meeting last week, and amid the tech billionaire’s legal battle with social media platform Twitter.

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