Elon Musk sells $6.9 billion of Tesla shares, first since April

Elon Musk sold $6.9 billion of shares in Tesla Inc. according to regulatory filings Tuesday, the first time he has sold stock in the carmaker since dropping his bid to buy Twitter Inc.

Tesla’s chief executive officer offloaded the shares on Aug. 5, according to the new filings. Musk has now sold around $32 billion worth of stock in the electric-car maker in the past 10 months. The purpose of the latest sales wasn’t immediately clear.