The entrepreneur marketed $3.3bn value of Tesla stock on Tuesday and yet another $654m on Wednesday, in accordance to filings with the Securities and Trade Fee.
And on Friday morning, SEC filings showed that Mr Musk has bought a different $4.5bn worth of shares as he raises the revenue wanted to obtain the social media platform.
Mr Musk is the world’s richest gentleman with a private fortune of $252bn, but most of his prosperity is tied up in his Tesla inventory.
Twitter’s board on Monday accepted Mr Musk’s offer of $54.20 per share in funds for whole management of the firm, that he has stated he will acquire non-public.
The offer, which was unanimously suggested by the board, continue to requires to be ratified by shareholders and go regulatory scrutiny.
Mr Musk, who has not verified precisely why he marketed the shares, previously owns nine for each cent of Twitter.
On Thursday night he took to Twitter and said, “No further more TSLA revenue prepared immediately after nowadays.”
He has place up $21bn of his individual money to obtain the social media organization and is borrowing one more $12.5bn, even though Morgan Stanley is funding an additional $13bn.
The 50-calendar year-old is Tesla’s premier shareholder wit ha 17 for every cent stake, and last year he offered far more than $16bn value.
The transfer came following Mr Musk requested his 88 million Twitter followers in a poll if he need to market ten for every cent of his Tesla inventory.
Mr Musk will possible make some major improvements to the social media system, having built numerous hints in the latest months about what his intentions are. It comes following Musk’s pal Jack Dorsey stepped down as CEO and Parag Agrawal took over.
Modifications could involve a new CEO, worker layoffs and even monetising tweets by charging publishers to embed them, according to some studies.