Elon Musk , Sells $6.88 Billion , in Tesla Shares.br NBC reports that Elon Musk br has sold 7.92 million shares of Tesla br for an estimated $6.88 billion. .br NBC reports that Elon Musk br has sold 7.92 million shares of Tesla br for an estimated $6.88 billion. .br The transactions were revealed br through a series of financial br filings published August 9.br According to SEC filings, Musk sold the shares br shortly after Tesla's 2022 annual shareholders br meeting on August 4 in Austin, Texas.br The decision to sell those stocks comes br amid a contentious legal battle over his br $44 billion bid to purchase Twitter.br The decision to sell those stocks comes br amid a contentious legal battle over his br $44 billion bid to purchase Twitter.br In July, Musk terminated the deal, accusing Twitter br of failing to provide information and understating br the number of bots on the social media platform.br In July, Musk terminated the deal, accusing Twitter br of failing to provide information and understating br the number of bots on the social media platform.br In response, Twitter has sued br Musk to complete the deal br for the promised $44 billion. .br In response, Twitter has sued br Musk to complete the deal br for the promised $44 billion. .br According to NBC, this would br represent a windfall for many br of Twitter's shareholders.br According to NBC, this would br represent a windfall for many br of Twitter's shareholders.br Musk reportedly said that he would purchase br some of his Tesla shares back if he br doesn't have to complete the Twitter deal.br Musk reportedly said that he would purchase br some of his Tesla shares back if he br doesn't have to complete the Twitter deal.br NBC reports that Musk has also suggested br that he is considering launching his br own social platform, X.com.br NBC reports that Musk has also suggested br that he is considering launching his br own social platform, X.com.br Following news of Musk shedding br Tesla stock, shares in the company closed br at $850, down over 2 for the day. .br Following news of Musk shedding br Tesla stock, shares in the company closed br at $850, down over 2 for the day.