Fintech

Musk ditches $7bn in Tesla stock as Twitter deal uncertainty continues

Elon Musk sold nearly $7bn worth of Tesla stock in recent days, regulatory disclosures show, amid uncertainty over the fate of his $44bn deal to buy Twitter.

Musk, Tesla’s chief executive and largest shareholder, sold around 7.9 million shares between 5 August and 9 August, the disclosures show, leaving him with a 15% stake in the company.

WSJ Logo