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Benzinga
Benzinga
Business
Chris Katje

When Can Elon Musk Sell Tesla Shares? Could More Shares Be Unloaded To Finance Twitter Acquisition?

Elon Musk Gary Black Nasdaq Tesla Inc.

Electric vehicle giant Tesla Inc (NASDAQ:TSLA) reported third-quarter financial results this week. With earnings in the rearview mirror, the stock could be under short-term pressure with a new trading window open for CEO Elon Musk.

What Happened: A deal for Musk to acquire social media platform Twitter Inc (NYSE:TWTR) is back on with a pending price of $44 billion. To finance the deal, Musk has lined up several backers and also previously sold a portion of his stake in Tesla to raise the necessary funds.

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