musk: Elon Musk sells nearly USD7 billion in Tesla shares, claims report 

San Francisco, Electric vehicle company Tesla CEO Elon Musk has sold 7.92 million shares of the company worth around USD6.88 billion, media reports say.

Musk's transactions occurred between August 5 and August 9, the US Securities and Exchange Commission (SEC) filings revealed, following Tesla's 2022 annual shareholder meeting on August 4 in Austin, Texas, reports CNBC.

,

Also Read

Elon Musk may build his own airport outside of Austin

Earlier this year, the tech billionaire said on social media that he had "no further Tesla sales planned" after April 28.

That week, SEC filings revealed Musk had been selling a block of shares in his electric car maker worth about USD8.4 billion.

Musk is in the middle of a contentious legal battle with Twitter, the social networking giant he agreed to acquire in April for about USD44 billion or USD54.20 per share.

Also Read

Twitter's lawsuit against Elon Musk heads to October 17 trial

Amid an overall market decline, Twitter's share price and the price of Tesla shares dropped. Musk said he was terminating the deal and accused Twitter of failing to give him all the information he needed to go ahead with the acquisition.

He also accused Twitter of understating the number of bots, spam and fake accounts on its platform.

( Details and picture courtesy from Source, the content is auto-generated from RSS feed.)

Join our official telegram channel for free latest updates and follow us on Google News here.