According to the information released by ReutersAccording to Sapo tek, Tesla CEO Elon Musk sold $8.5 billion worth of shares in the electric car company before buying the social networking site Twitter.
These data appear in US securities documents, and everything indicates that the sale was intended to be a help towards the acquisition of the social platform, which was bought for a value of 44 billion dollars.
Last Thursday, the executive had mentioned in a tweet that he had "no further TSLA sales planned for today." In the week just ended, Elon Musk sold about 9.6 million shares, according to Thursday and Friday's records, something that equates to 5.6% of his stake in the electric company.
However, it is still not entirely clear whether all of the most recent sales of Tesla stock belonging to the CEO have been reported. Reuters made a request for clarification, but has not yet received a response.
Details also indicate that this is the first sale of Tesla stock that Elon Musk has made after selling 16.4 billion shares in November and December. This happened after the executive asked users on Twitter whether or not he should sell 10% of his shares in the carmaker.
It was also recently revealed that the now owner of Twitter wants to charge for basic functions on the social network. And to better know what our readers think, we have our weekly question running where we want you to tell us if you are apprehensive about this acquisition.