Elon Musk Sells $7B In Tesla Stock Ahead Of Twitter Court Battle

Musk is preparing for a legal battle with Twitter, which is attempting to force the Tesla CEO to follow through on his deal to acquire the company.

Elon Musk has sold nearly $7 billion worth of shares in Tesla as the billionaire gets his finances in order ahead of his court battle with Twitter.

Musk disclosed in a series of regulatory filings that he unloaded about 8 million shares of his company Tesla Inc. in recent days.

"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 Tesla stock," Musk tweeted late Tuesday.