Tesla CEO Elon Musk has sold an additional 22 million shares in the electric vehicle manufacturer for $3.58 billion. A report submitted to a US financial regulator states that the shares were sold on Monday, Tuesday, and Wednesday of this week.
The most recent sale, Mr. Musk’s second since his $44 billion acquisition of Twitter in October. It brings the total amount of Tesla shares the billionaire has sold over the past year to close to $40 billion.
Elon Musk still owns 13.4% of shares
It brings Mr. Musk’s sales of Tesla stock over the past year to a total of almost $40 billion. The most recent share sales’ motivation is unknown. Recent data reveals that he now holds 13.4% of the world’s most valuable automaker’s shares of Tesla.
Shares of Tesla have fallen more than 60% in 2022 due to investor worries that Elon Musk’s acquisition of Twitter may cause him to spend less time working on Tesla. As a result, the company has had one of the worst years for stock performance am
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