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Elon Musk sells Tesla shares worth $8.5 bln, says no more sales planned

He sold about 9.6 million shares this week

His $156.9 billion net worth still places him No. 2 on the Bloomberg Billionaires Index
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Elon Musk said on Twitter that he would pay more than $11 billion in taxes in 2021 due to his exercise of stock options set to expire this year.

Reuters
Tesla Inc Chief Executive Officer Elon Musk sold $8.5 billion worth of shares in the electric vehicle maker, U.S. securities filings showed, in sales likely aimed at helping finance his planned purchase of Twitter Inc.

Musk said in a tweet on Thursday that there are "no further TSLA sales planned after today". He sold about 9.6 million shares this week, according to the filings on Thursday and Friday, equating to 5.6% of his stake in the company.

The sale came after Musk on Monday clinched a deal to buy Twitter for $44 billion cash in a transaction that will shift control of

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