Tesla Shares Surged More Than 6% in Morning Trading
Tiger Newspress2022-04-29
Tesla shares surged more than 6% at one time in morning trading Friday.
Elon Musk sold roughly $8.4 billion worth of Tesla shares in the days following his bid to take Twitter private, according to filings with the Securities and Exchange Commission.
The bulk of the CEO’s sales were made on Tuesday, the filings showed. Tesla shares fell 12% that day, but edged higher on Wednesday by less than one percentage point.
Another $4.4 billion was sold Thursday, according to filings published Friday.
As the filings became public Thursday evening, Musk wrote on Twitter, “No further TSLA sales planned after today.”
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