Musk sells Tesla shares worth $8.5 billion, says no more sales planned

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Reuters UK

By Hyunjoo Jin and Akriti Sharma (Reuters) – Tesla Inc Chief Executive Officer Elon Musk sold $8.5 billion worth of shares in the electric vehicle maker, U.S. securities filings showed, in sales likely aimed at helping finance his planned purchase of Twitter Inc. Musk said in a tweet on Thursday that there are “no further TSLA sales planned after today”. He sold about 9.6 million shares this week, according to the filings on Thursday and Friday, equating to 5.6% of his stake in the company. The sale came after Musk on Monday clinched a deal to buy Twitter for $44 billion cash in a transaction …

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