Elon Musk sold $3.9 billion worth of Tesla stock as of Friday

The world's richest man has now sold $19.3 billion worth of Tesla stock since announcing the Twitter takeover.

Elon Musk sold 19.5 million Tesla shares for $3.9 billion (before taxes) in three days starting Friday, Nov. 4, according to a filing with the Securities and Exchange Commission on Tuesday evening. That brings the total value of the Tesla stock he has sold since April 14, when he announced a $44 billion hostile takeover of Twitter, to $19.3 billion (before taxes).

The sales came as Tesla shares hit their lowest price in a year; on Tuesday, Tesla closed at a 52-week low of $191.30 per share. On Tuesday, Musk's net worth finished below $200 billion — the first time since May 24 (and the second time since October 1, 2021).

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Musk now owns 445.6 million Tesla shares without options or nearly 14% of the company. Including his exercisable options, his stake is close to 23%. Before the sale, Forbes estimated that Musk was worth $197.4 billion, making him the richest person in the world.

The latest sales could have been used to partially cover the remainder of Musk's Twitter purchase. Forbes estimated that Musk had $13.3 billion in cash from previous Tesla stock sales (after taxes and option exercise costs) and used that to pay part of Twitter's $44 billion purchase price. That still left him with an estimated additional $5.6 billion needed to complete the purchase.

Only Musk knows for sure why he sold those shares, but he might tweet about it.

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