Elon Musk, the richest man in the world, has sold an additional 7.92 million shares in electric car maker, Tesla worth around $6.88bn (£5.7bn).

According to regulatory documents, the sales happened during the company’s annual shareholder meeting last week.

After declaring last month that he would back out of an agreement to purchase Twitter, the multibillionaire is currently involved in a legal battle with the company.

Elon Musk says he needs the money from the Tesla shares in case he is forced to buy Twitter for $44bn.

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