Morning NewsElon Musk Sells $8.5 Billion of Tesla Shares After Deal to Buy Twitter
Elon Musk sold roughly $8.5 billion worth of Tesla Inc. stock in the three days after agreeing to buy Twitter Inc. for $44 billion, according to regulatory filings. The Tesla chief executive reported selling a total of more than 9.6 million shares on Tuesday through Thursday, at prices between around $820 and $1,000 a share, the filings show. That left him with around 163 million shares in the electric-vehicle maker, regulatory filings show, or nearly 16% of the company.