Elon Musk sells $5bn of Tesla shares after Twitter poll
Tesla chief executive Elon Musk has sold around $5bn (£3.7bn) of shares in the electric carmaker, BBC News reports.
It comes days after he asked his 63 million Twitter followers whether he should sell 10% of his stake in Tesla.
The company's shares fell by around 16% in the two days after the poll came out in favour of him selling shares, before regaining some ground on Wednesday.
Tesla is the world's most valuable carmaker, with a stock market valuation of more than $1tn.
Mr Musk's trust sold almost 3.6 million shares in Tesla, worth around $4bn.
He also sold another 934,000 shares for about $1.1bn after exercising options to acquire nearly 2.2 million shares, according to filings with the US stock market regulator.
The documents showed that the sale of about a fifth of the shares was made based on a pre-arranged trading plan set up in September, long before Mr Musk's social media posts at the weekend about selling some of his shares.
However, the regulatory filings also showed that the sale of the remainder of the shares had not been scheduled.