More than three months after Musk said there were no further TSLA sales planned, he sold more than $6 billion of the company's stock.
The SATELLITE Conference and Exhibition will be held in Washington, DC. The photo is from Susan Walsh's file.
Between Friday and Tuesday, Musk sold more than 7.8 million shares at an average price of $875 per share.
The sale will leave the billionaire with a take- home pay of over $5 billion.
He did not respond to a request for comment from Forbes.
It's more than $30 billion. In a series of sales starting in November, Musk has reduced his holdings in the company.
The sales this week were unexpected. In a series of April sales, the CEO of the company raised around $8.5 billion in pretax funds after he signed a deal to buy the company. The $8.5 billion was supposed to go toward the purchase, but Musk pulled the plug on the deal over concerns about the number of accounts. The lawsuit was filed in order to force the deal to go through. If the two sides don't reach a settlement, the trial will start on October 17
It is estimated that Musk is the wealthiest person on the planet.
This week, the total sales ofTesla stock were more than eight billion dollars.
ThePlatform plans legal action on the deal that MuskTerminating.
The social networking site sued Musk for trying to cancel the acquisition.
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