World’s richest man Elon Musk sells additional US$6.9 billion in Tesla shares after saying he wouldn’t


Source: scmp.com scmp.com

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Elon Musk sold US$6.9 billion of shares in Tesla Inc. according to regulatory filings on Tuesday, just months after saying he did not plan to sell any more stock in the pioneering electric-car maker. Tesla’s chief executive officer offloaded about 7.92 million shares on August 5, according to the new filings. The sale comes just four months after the world’s richest person said he had no further plans to sell Tesla shares after disposing of US$8.5 billion of stock in the wake of his now-pulled deal to buy Twitter Inc. Musk, 51, has now sold around US$32 billion worth of...