Elon Musk sells at least $3.95 billion worth of Tesla shares after Twitter deal

An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration in Warsaw, Poland on 08 November, 2022. 

After closing his acquisition of the micro-messaging service, Musk has sold more than $3 billion of his shares in the company.

Musk sold more than 20 million shares of the company.

Musk sold almost $22 billion worth of shares in the year 2021. He sold over $8 billion ofTesla stock in April and over $7 billion in August.

In addition to pouring billions of his own capital into takingTwitter private, Musk relied on partners, including equity investors.

Chris Murphy has called for an investigation into the national security implications of Saudi Arabia's stake inTwitter.

Musk told fans on August 9 that he was done selling his shares in the electric car company. It is important to avoid an emergency sale ofTesla stock in the event that the deal is forced to close.

Musk was trying to get out of the deal that he proposed and agreed to in April.

Since closing the purchase, Musk has pulled many of the engineers from the company to help him with work.

A big part of Musk's fortune has been wiped out by the plunge in the company's stock price. According to Forbes, he has a net worth of $200 billion.

At a conference last week, Musk told Ron Baron that his work load had gone up from about 78 hours a week to 120.

Musk said on stage that he thinks it is easier to manage his other companies than it is to manage his new one. Musk has suggested that he will be the sole director at the company for a short time.

The layoffs were mishandled very badly.