In a week, Elon Musk sold $6.9 billion worth of his company’s stock.

According to records revealed on Friday by the US regulator, Tesla CEO Elon Musk sold more than $6.9 billion in shares in his firm in a week.

The 50-year-old South African native has sold over 5.1 million shares of the electric car company, with roughly 4.2 million held in a trust.

In terms of value, this is one of the greatest sales ever made in such a short period of time without being confined or falling under an estate’s structure.

It also hammered the stock’s price, which had dropped 15.4% in the previous week.

Even before the SEC issued the initial filings suggesting the sales on Wednesday, Elon Musk had taken it upon himself to inform the market of his plans.

Last Saturday, the boss fan of genius conducted a survey from his Twitter account to determine whether or not he should sell 10% of his Tesla stock. A total of 57.9% of the 3.5 million people who voted said yes.

The title had already decreased in value by the time Wall Street opened on Monday, and it has continued to tumble in value since then.

Elon Musk’s shares were thus sold at a considerably lower price this week than if he had sold them before his post.

As a result, the entrepreneur lost hundreds of millions of dollars in unrealized gains.

According to several papers, the witty businessman began selling at least some of these shares on September 14 and therefore was not determined according to the poll.

Elon Musk still had 1.22 million Tesla shares in open access and 166.2 million others kept in a trust at the end of the operation, according to the latest document filed with the SEC on Friday, worth a total of $173 billion at Friday’s closing price.

The $5.9 billion that was taken out of the stock sale this week is projected to be offset by at least $1.4 billion in capital gains taxes.