BREAKING: Elon Musk Sells Nearly $4B In Tesla Shares In 3 Days

Tesla Inc. TSLA CEO Elon Musk sold 19.5 million shares, estimated to be worth nearly $4 billion, in the electric vehicle maker between Nov. 4 and Nov. 8, filings made with the U.S. Securities and Exchange Commission show.
Such a move is in line with analyst expectations, who predicted Musk would need to sell Tesla shares to fund his deal to acquire Twitter.
Tesla stock has been under tremendous pressure this week, plunging over 5% on Monday and nearly 3% again on Tuesday after a recall of 40,000 vehicles. The electric vehicle maker's shares closed at $191.30, down 2.9%, intraday on Tuesday, according to data from Benzinga Pro.
This is a developing story. Follow for updates.