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BusinessElon Musk Sells $8.5 Billion of Tesla Shares After Deal to Buy...

Elon Musk Sells $8.5 Billion of Tesla Shares After Deal to Buy Twitter

The Tesla chief executive reported selling a total of more than 9.6 million shares Tuesday through Thursday

Twitter will become a private company if Elon Musk’s $44 billion takeover bid is approved. The move would allow Musk to make changes to the site. WSJ’s Dan Gallagher explains Musk’s proposed changes and the challenges he might face enacting them. Illustration: Jordan Kranse

Elon Musk sold roughly $8.5 billion worth of Tesla Inc. TSLA 0.66%▲ stock in the three days after agreeing to buy Twitter Inc. TWTR 0.31%▲ for $44 billion, according to regulatory filings.

The Tesla chief executive reported selling a total of more than 9.6 million shares on Tuesday through Thursday, at prices between around $820 and $1,000 a share, the filings show.

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