According to recent Securities and Exchange Commission filings, Elon Musk sold 4.4 million Tesla shares this week following his $44 billion takeover of Twitter.
Bloomberg said that the sales, which took place on Tuesday and Wednesday, totaled $3.99 billion.
“No further TSLA sales planned after today,” Musk tweeted after the filings were made public.
On Monday, Musk sold the Tesla shares after Twitter directors approved his $44 billion purchase.
According to Bloomberg, financial analysts believe he had to sell Tesla stock to fund the $21 billion equity element of the purchase he guarantees.
It was previously reported that Musk’s goal is to privatize the company and restore the social media platform’s adherence to free speech.
