Tesla chief executive Elon Musk sold about $5 billion in shares on Wednesday, days after he polled Twitter users about selling 10% of his stake.
But the billionaire still holds about 166 million shares in the company, which is one of a handful that have a market valuation in excess of $1 trillion.
The shares represented about 3% of his holdings in the EV manufacturer, which make up the bulk of his $280 billion estimated wealth.