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Elon Musk sells $3.95 billion worth of Tesla stock

By- Avnish kushwaha

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Twitter's new owner and Tesla CEO Elon Musk has sold nearly $4 billion worth of Tesla shares, according to regulatory filings.

By- Avnish kushwaha

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Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8

By- Avnish kushwaha

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THe sold $7 billion of his Tesla stock in August as he worked to finance the Twitter purchase he was trying to get out of at the time

By- Avnish kushwaha

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Musk has sold more than $19 billion worth of Tesla stock since April

By- Avnish kushwaha

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His personal net worth dropped below $200 billion, according to Forbes, but he is still the world's richest person.

By- Avnish kushwaha

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Musk had lined up banks including Morgan Stanley to help finance the Twitter deal.

By- Avnish kushwaha

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His original share of the deal was about $15.5 billion, Wedbush Analyst Dan Ives estimated

By- Avnish kushwaha

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Musk would be on the hook to replace them or throw in more of his own money.

By- Avnish kushwaha

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Tesla's shares closed down $5.78, or 2.9%, at $191.30. The stock has lost 52% of its value since the start of this year

By- Avnish kushwaha