He sold $6.9 billion in Tesla shares in August, meaning he has cut down his stake by around $32 billion over the last 12 months.
Ives said at the time that Musk’s Tesla stock sale was “writing on the wall that a deal could be on the cards” — and upgraded his Twitter price target from $30 to $50 a share.
Tesla shed 1.26% to trade at $246.29 in Wednesday’s premarket, while Twitter slipped 0.48% to $51.75.
