Musk Sells $6.9B of Tesla Stocks for Twitter Deal

Elon Musk offloaded $6.9 billion of stock in Tesla, the billionaire’s biggest sale on record, saying he wanted to avoid a last-minute selloff of the electric-car maker’s shares in the event he is forced to go ahead with his aborted deal to buy Twitter.

Tesla’s chief executive officer sold about 7.92 million shares on Aug. 5, according to a series of regulatory filings th…

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