Tesla CEO Elon Musk is once again promoting millions of Tesla shares. In response to three filings with the US Securities and Exchange Commission, the superstar government on Tuesday settled 19.5 million shares, valued at about $3.95 billion.
Musk didn’t take to Twitter to explain why he offered the shares, yet it’s possible the money will go toward his $44 billion deal to buy the social media platform, which went through last month. .
In April, Musk also sold about 9.6 million shares of Tesla stock, which was worth $8.5 billion at the time. Those shares were sold for around $885.42. Since then, Tesla has issued a three-for-one inventory breakup, reducing the price of each share.
Musk offered shares on Tuesday at an average price of $202.56 each.
Tesla is currently buying and selling after hours for $191.30.