Musk sells Tesla shares worth $4 bln, says no more sales planned

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Tesla Inc Chief Executive Officer Elon Musk sold 4.4 million shares of the electric vehicle maker worth $3.99 billion, U.S. securities filings showed on Thursday, in sales likely to help finance his planned purchase of Twitter .

Tesla Inc lost ground on Thursday amid investor concerns that Musk may have to sell Tesla shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc.Reporting by Akriti Sharma in Bengaluru and Hyunjoo Jin in San Francisco; Editing by Jacqueline Wong.

Tesla Inc lost ground on Thursday amid investor concerns that Musk may have to sell Tesla shares to fund his $21 billion equity contribution to his $44 billion buyout of Twitter Inc.Reporting by Akriti Sharma in Bengaluru and Hyunjoo Jin in San Francisco; Editing by Jacqueline Wong
 

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Then there are definitely more sales planned

Either he presented his plan to the banks, they gave him a loan. Banks put pressure on Twitter's board of directors a little too. So it will turn Twitter into a financial tool.

… Sweet … throw down 10% and finance the rest … niiiiceeee …

He's up to something and it's either going to hurt Tesla, Investors, or Twitter or possibly all of the above.

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