Elon Musk Sells Another $3.58 Billion In Tesla Stock

December 15, 2022 Business, Social Media

Fortune reports:

Elon Musk, who lost his No. 1 spot on Bloomberg’s ranking of the world’s richest people this week, unloaded Tesla Inc. stock for the fourth time this year.

Tesla’s chief executive officer sold almost 22 million shares of the electric-car maker for $3.58 billion, a filing showed late Wednesday in the US. The transactions happened between Dec. 12 and Dec. 14.

Tesla shares have plunged 55% this year as investors grow increasingly concerned about Musk’s $44 billion purchase of Twitter Inc. His fortune has dropped by $109.4 billion this year.

Read the full article.

this is what Elon Musk was publicly saying on Twitter to Tesla shareholders on the days he was dumping $3.6 billion in $TSLA stock pic.twitter.com/gjl259CxpD

— Matt Binder (@MattBinder) December 15, 2022