Musk sells US$6.9bil of Tesla shares after saying he was done

Tesla’s chief executive officer Elon Musk offloaded about 7.92 million shares last Friday, according to the new filings.

The sale comes just four months after the world’s richest person said he had no further plans to sell Tesla shares after disposing of US$8.5bil of stock in the wake of his now-pulled deal to buy Twitter Inc.The disposals started in November after Musk, a prolific Twitter user, polled users of the platform on whether he should trim his stake. The purpose of the latest sales wasn’t immediately clear.

Musk last month said he was terminating his US$44bil agreement to acquire Twitter and take it private, claiming the company has made “misleading representations” over the number of spam bots on the service.

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