Elon Musk sells nearly 8 billion shares of Tesla stock worth nearly $7 billion

Aug. 10 (UPI) — Tesla CEO Elon Musk has sold nearly 8 billion shares of his company stock in recent days in transactions worth an estimated $6.88 billion, according to federal regulatory disclosures filed this week by the world’s richest man.

The move by Musk comes ahead of a legal battle with Twitter over the billionaire’s unfulfilled promise to buy the company.

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