In the three days after Elon Musk engineered a deal to buy Twitter, he sold roughly $8.5 billion worth of shares in Tesla to help fund the purchase.
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Musk reported the sale of 9.6 million shares in filings with the Securities and Exchange Commission on Thursday and Friday. The trades were made at prices ranging from $822.68 to $999.13 a share.
The world's richest man, who is the CEO of Tesla, tweeted Thursday night that he doesn't plan any further sales of the company's shares.
San Francisco-based Twitter announced Monday that it had agreed to be bought by Musk for $54.20 a share, or about $44 billion. Analysts said the deal could make Tesla investors nervous that Musk will be distracted by Twitter and less engaged in running the electric car company, and have to sell a large number of Tesla shares to finance the acquisition. Musk is Tesla's largest shareholder.
