Elon Musk sold roughly $8.4 billion worth of Tesla shares this week, according to filings with the Securities and Exchange Commission.
Following his bid to take Twitter private analysts started speculating on how he would finance the $44 billion deal. Musk said he would commit $21 billion of his assets to help finance the purchasing of the social media company.
The new filings to the Securities and Exchange Commission showed that Musk sold a total of 9.6 million Tesla shares this week, marking the first sale since he offloaded $16.4 billion worth of stock in November and December last year. The world’s richest person still owns more than 15% of the EV manufacturer.
“No further TSLA sales planned after today,” Musk wrote on Twitter as the filings became public. Shares in Tesla fell sharply earlier this week, amid speculation that the Tesla and Space X CEO would sell part of his stake in the carmaker to fund the massive Twitter deal.
Musk is the world’s richest person with an estimated net worth of almost $250 billion, mostly due to his Tesla stake. He also has a more than 40% stake in SpaceX, which is estimated to be worth $100 billion.