Elon Musk sold 4.4 million shares of the electric vehicle maker worth $3.99 billion

Elon Musk sold 4.4 million shares of the electric vehicle maker worth USD3.99 billion

NEW YORK: Tesla Inc Chief Executive Officer Elon Musk sold 4.4 million shares of the electric vehicle maker worth USD3.99 billion, US securities filings showed on Thursday, in sales likely to help finance his planned purchase of Twitter.

Musk said in a tweet that there are "no further TSLA sales planned after today."

Tesla Inc lost ground on Thursday amid investor concerns that Musk may have to sell Tesla shares to fund his USD21 billion equity contribution to his USD44 billion buyout of Twitter Inc.

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