It turns out that Elon Musk, CEO of Tesla, an American electric car maker, has sold Tesla shares worth more than 900 billion yen in Japanese yen.
There is also a view that it may be a move to prepare for the eventual purchase in a trial with social media giant Twitter, which withdrew its acquisition plan.
According to a document released by the US Securities and Exchange Commission on the 9th, Tesla CEO Elon Musk has sold about 7.9 million shares of Tesla stock he owns.
The sale will take place from the 5th to the 9th of this month, and American media reports that the sale will be about $7 billion, or more than 900 billion yen in Japanese yen.
Mr. Mask agreed to acquire Twitter in April this year, but unilaterally withdrew the acquisition plan in July.
Twitter has filed a lawsuit seeking to execute the acquisition according to the agreement.
American media have speculated that Mr. Musk may be making a move to increase his cash reserves in case he is eventually asked to purchase the company in a trial with Twitter.