Tesla CEO Elon Musk is promoting thousands and thousands of Tesla shares once more. The movie star government disposed of 19.5 million shares Tuesday, which is price about $3.95 billion, based on three filings with the U.S. Securities and Trade Fee.
Musk didn’t take to Twitter to clarify why he bought shares, however it’s doable the cash will go in direction of his $44 billion deal to purchase the social media platform, which went by means of final month.
In April, Musk additionally bought round 9.6 million shares of Tesla inventory, which on the time was price $8.5 billion. These shares have been bought at round $885.42. Since then, Tesla has issued a three-for-one inventory break up, bringing the price of every share down.
Musk bought shares Tuesday at a median value of $202.56 every.
Tesla is at the moment buying and selling at $191.30 after hours.