Elon Musk Sells Almost $4B of Tesla Stocks

Facts

Regulatory disclosures made public on Tuesday revealed that Elon Musk sold 19.5M Tesla Inc. shares worth almost $4B from Nov. 4-8 after purchasing Twitter Inc. for $44B in October.
This latest sale was the third large block of stock sold by Musk since launching his takeover bid for the social media platform earlier this year, amounting to more than $19B.
Previously, he sold over $8B worth of stock in April and roughly $7B in August, when he claimed to be done selling Tesla shares to fund his Twitter purchase. Along with pouring his own capital into taking Twitter private, Musk relied on partners to finance the deal.
Tesla stock has fallen close to 13% over the past week as investors fear that more sales will be required and Musk will be distracted from his role at Tesla as the social media app reportedly continues to be unprofitable.
After taking over Twitter on Oct. 27, Musk stated that the company was losing $4M a day and laid off thousands of employees, while some advertisers left the platform amid concerns about its new leadership.
Musk became the world's wealthiest person largely due to his stake in Tesla but as shares of the company hit a 52-week low on Tuesday, his net worth has fallen below the $200B mark.

Narrative A, as provided by The Telegraph. While Musk has the ability to turn Twitter into a profitable company, it may come at the expense of his other ventures, as this purchase is shaping out to be an unnecessary distraction. For example, Tesla's best engineers were relocated to Twitter to assess the state of the social media code while the company faces criticism over its "full self-driving" mode. Musk has seemingly over-exhausted his resources.
Narrative B, as provided by CNBC. Twitter has always been an imperfect business, and Musk doesn't intend to develop it into a better business, only to ensure the social media platform's existence. Owning Twitter is all about influence: It allows Musk to control its data, expand his reach beyond his fanbase, and affect the flow of information within the platform.