Elon Musk sold $6.9 billion of shares in Tesla Inc. on Tuesday according to regulatory filings, the first time he has sold stock in the carmaker since dropping his bid to buy Twitter Inc.
The shares were sold by Tesla's CEO on August 5, according to the new filings. Musk has now sold approximately $32 billion in Tesla stock in the last ten months. The latest sales' purpose was not immediately clear. Tesla's stock plummeted late last year after Musk sold more than $16 billion in stock, his first sales in more than five years. The sales began in November, after Musk asked Twitter users if he should sell his stake.