Elon Musk is on a selling spree. The billionaire sold 7.9 million Tesla (TSLA) shares worth a whopping $7 billion between August 5 and August 9, as per the SEC filings from the last few days that went public yesterday. Amid growing concerns over the final outcome of his disputed $44 billion deal to buy Twitter, Musk clarified that the sale of Tesla shares was to avoid an emergency sale of the stock if he is forced to buy Twitter for the said amount. Following the news, shares of Tesla slipped 2.5% to close at $850 on August 9.
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