Musk sells additional Tesla shares worth $3.4 bn towards Twitter deal

Elon Musk has sold additional Tesla stock worth $3.4 billion towards financing the $44 billion Twitter takeover deal, revealed the latest filing with the US Securities and Exchange Commission (SEC).

With this, he has offloaded almost $20 billion in Tesla shares this year. The world’s richest man sold $8.4 billion in Tesla shares in April and another $6.9 billion in August.

The tech billionaire earlier said on social media that he had “no further Tesla sales planned” after April 28.

For the Twitter deal, Musk pledged to provide $46.5 billion in equity and debt financing, which covered the $44 billion deal and closing costs.