Elon Musk Sells $4 Billion Worth of Tesla Stock

After his purchase of social media app Twitter in October, Tesla CEO Elon Musk has sold around $4 billion worth of Tesla Stock. According to CNN Business, Twitter said that Musk bought the social media company on October 27, but waited until November 4 to “start selling additional Tesla shares.”

Filings made to the Securities and Exchange Commission late Tuesday night showed that Musk started selling “blocks of Tesla stock on Monday and Tuesday this week,” totaling $19.5 million shares. Musk made a statement saying revenue in Twitter has had a “massive drop,” but it is unclear as to whether or not the money from sold Tesla Stocks went into the Twitter purchase.