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Tesla’s CEO, Elon Musk, just sold 7.9 million shares for a total of $6.9 billion.

A number of documents outlining the sales from Friday through Tuesday were delivered to the Securities and Exchange Commission late on Tuesday night. They mark Musk’s first Tesla share sale since he sold 9.6 million shares in April for a total of $8.5 billion.

Not shortly after Musk and Twitter reached a $44 billion acquisition agreement, these April exchanges took place. He said that Twitter management had suppressed crucial information regarding the number of user accounts that were spam and bot accounts rather than accounts operated by genuine individuals, and he announced a month ago that he would not be carrying out that agreement. Twitter (TWTR) moved quickly to file a lawsuit to compel Musk to carry out the terms of the April agreement.

In Musk’s papers, the justification for the stock sales was kept a secret. However, in response to a question on Twitter about whether he was done selling Tesla shares, he said “Yes” and explained that the reason for this final transaction was the possibility of being forced to buy Twitter.

It is crucial to prevent an emergency sale of Tesla stock in the (hopefully improbable) case that Twitter pushes this deal to close *and* some equity partners don’t show up, he said in his tweet.

However, he tweeted, “No additional TSLA sales planned after today,” at the time he sold his Tesla (TSLA) shares in April.

When asked on Twitter on Tuesday if he would purchase Tesla shares again if the Twitter sale fell through, he replied “Yes.”

Although it has gained 14% since late July’s earnings report, Tesla’s stock has lost nearly 20% of its worth so far this year.

This was the last thing tech guru Daniel Ives of Wedbush Securities thought Tesla investors would want to see. “Elon Musk increasing stock sales was the key concern, and that’s exactly what happened just now. You’ll quickly feel it in your stomach. The degree of uncertainty is raised by the lack of an explanation.

Previously, Elon Musk largely used the proceeds from the sale of Tesla shares to pay the taxes associated with the exercise of options that were close to expiring. In April, not long after the Twitter acquisition was completed, Elon Musk made his first significant sale of Tesla stock for reasons other than an upcoming tax payment.

Elon Musk sold shares in the most recent days for an average price of $869 per share. This is much less than the $1,046 average price he received when selling 15.7 million shares in the latter part of last year. Earlier in the year, he sold Tesla shares for an average price of $883 per share. By exercising options that were due to expire, he would have to pay a record amount in personal income tax, which was what the earnings from that transaction were utilized to cover.

Elon Musk still owns 155 million Tesla shares despite the most recent stock sales, and he has the option to buy an additional 100 million at prices much below market value. Because of the shares he owns and the options he has to buy more shares, he controls around 20% of the outstanding Tesla shares. The 7.9 million shares he just sold represent less than 3% of the shares and options he now holds.

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