Elon Musk sold nearly $7 billion of Tesla stock in recent days, regulatory disclosures show, amid uncertainty over the fate of his $44 billion deal to buy Twitter Inc.

Mr. Musk, Tesla’s chief executive and largest shareholder, sold around 7.9 million shares between Friday and Tuesday, the disclosures show, leaving him with a 15% stake in the company.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Saudi Sovereign-Wealth Fund Buys Stake in Royal’s Investment Firm

Saudi Arabia’s sovereign-wealth fund bought a stake Sunday in a firm owned…

9/11 families to President Biden: Don’t come to our memorial events

Nearly 1,800 Americans directly affected by the Sept. 11, 2001, terrorist attacks…

Fed’s Kaplan Says the Economy Still Needs Central Bank Support

Federal Reserve Bank of Dallas President Robert Kaplan said it isn’t time…

Historic rainfall in St. Louis leaves cars stranded on flooded streets and residents fleeing homes

St. Louis, Missouri, experienced historic rainfall Tuesday when a storm dumped more…