The move by Musk comes ahead of a legal battle with Twitter over the billionaire's unfulfilled promise to buy the company.
Transaction reports show Musk began selling the stock Friday, one day after
Musk made a final sale on the same day he filed papers with the
The billionaire has been steadily selling stock following an
In July, Musk backed out of the deal, and Twitter sued, setting up a five-day trial that will head to court in October.
News of the most recent stock sale led some of Musk's Twitter fans to seek insight, with one tagging the CEO in a post asking if the billionaire was "done selling," and Musk responded, "Yes."
"In the (hopefully unlikely) event that Twitter forces this deal to close *and* some equity partners don't come through, it is important to avoid an emergency sale of
He did not offer any specifics.
Several months ago, Musk was known to have financial backing stemming from as many as 19 partnerships around the world involving venture capital and cryptocurrency.
Musk recently said he would buy back some
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