Elon Musk Sells Another Tesla Shares Worth Around US$3.6 Billion

Tesla CEO Elon Musk sold over 22 million more shares in his electric vehicle business, with a total value of approximately $3.6 billion, according to a financial filing out Wednesday night.

According to the Securities and Exchange Commission filings, the transactions took between Monday and Wednesday this week.

Earlier this year, Musk assured his millions of social media followers that he had “no further TSLA sales planned” after April 28.

However, after agreeing to buy Twitter for $44 billion, he continued to sell some of his sizable Tesla stakes. The deal was finalized in late October. Musk, who is also the CEO of SpaceX, took over as CEO of the social media company immediately away.

Tesla stock has fallen 28% since Elon Musk took over Twitter.