The transactions took place between Monday and Wednesday this week according to the filings with the Securities and Exchange Commission.
"no further TSLA sales planned"However, he continued to sell portions of his sizable holdings in Tesla after agreeing to buy Twitter in a deal worth around $44 billion. The acquisition closed in late October. Musk, who is also CEO of SpaceX, a major defense contractor, immediately appointed himself CEO of the social media company.
After Musk's Twitter takeover, he told employees there that he sold Tesla shares to "save" their business. Tesla shares have been declining this year, and sliding even further since he took on that new responsibility. Shares of Tesla closed down 2.6% on Wednesday at $156.80, dropping the company's market capitalization to $495 billion. Tesla shares were down 55% year-to-date as of Wednesday's close.
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