Tesla CEO has sold $7bn worth of shares in the carmaker in case he loses his bid to walk away from the $44bn takeover

Elon Musk did not become the world’s wealthiest person through a lack of confidence.

But the Tesla CEO revealed on Tuesday that he had sold $6.9bn (£5.7bn) worth of shares in the carmaker, in case he loses his attempt to walk away from a $44bn takeover of Twitter.

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