SUZANNE CORDEIRO/AFP via Getty Images
Elon Musk caught the market by surprise this week when filings revealed he had sold nearly $7 billion worth of Tesla stock, a move that will help him shore up his finances as he begins a high-risk battle against Twitter in Delaware court.
Less than four months ago, just after the social media platform accepted his now-contested $43 billion buyout offer, Musk had separately sold $8.5 billion worth of Tesla stock. At that time, he sought to assuage worried investors about the dump, pledging that the were “No further TSLA sales planned after today.”
News of this week’s reversal stirred commotion on the online message boards that track Tesla’s activity, with users posting hundreds of animated comments.
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