Tesla CEO Elon Musk is at it again selling shares of his electric vehicle company, per regulatory filings.
The executive has sold 7.9 million shares, which totals about $6.9 billion. This is the first time Musk has sold shares in Tesla since April, when he disposed of 9.6 million shares, worth about $8.5 billion.
Musk appears to be selling the shares to stock up on cash in case he’s forced to go through on his $44 billion Twitter acquisition.
Musk says that if the Twitter deal doesn’t close, he’ll buy back his shares.