Tesla chief executive Elon Musk has sold roughly $8.5bn (£6.8bn) worth of shares in the electric car maker, just days after he agreed to buy Twitter.
The sale has led to speculation that it will help to finance his planned $44bn buyout of the social media platform.
Twitter’s board agreed on Monday to accept a takeover offer from Mr Musk.
Shares in Tesla fell sharply earlier this week, amid speculation that Mr Musk would sell part of his stake in the carmaker to fund the deal.
He tweeted on Thursday evening that he had no plans to sell any more of his shares in the electric carmaker.
Filings to the US Securities and Exchange Commission showed that Mr Musk sold a total of 9.6 million Tesla shares this week. The billionaire still owns more than 15% of the company.https://platform.twitter.com/embed/Tweet.html?creatorScreenName=BBCWorld&dnt=false&embedId=twitter-widget-0&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1519850299757846530&lang=en-gb&origin=https%3A%2F%2Fwww.bbc.com%2Fnews%2Fbusiness-61255092&sessionId=a59695e0cb4ade4600588a5c86aebfbac76501f9&siteScreenName=BBCWorld&theme=light&widgetsVersion=c8fe9736dd6fb%3A1649830956492&width=550px
No further TSLA sales planned after today— Elon Musk (@elonmusk) April 29, 2022
The BBC is not responsible for the content of external sites.View original tweet on Twitter
The move marked his first sale of Tesla shares since he offloaded $16.4bn worth of stock in November and December last year.
That came after he asked his nearly 89 million Twitter followers whether he should sell 10% of his stake in the electric car maker.
Source BBC News
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