Thursday, December 15, 2022

Elon Musk sells $3.58 billion in Tesla stock

Elon Musk sells Tesla shares worth $3.58 billion

Delhi, India: Tesla Inc CEO Elon Musk has sold 22 million offers worth $3.58 billion in the electric-vehicle producer, a US protections documenting displayed on Wednesday.

With this most recent sale, Musk has sold nearly $40 billion worth of Tesla stocks in the last year.

Reuters reached out to Tesla for comment outside of business hours, but the company did not immediately respond.

Investors are concerned that Musk's purchase of Twitter could divert his attention away from Tesla, which is the most valuable automobile manufacturer in the world. As a result, shares of Tesla, which is one of the worst performing stocks among major automakers and tech companies this year, have performed poorly.

The filing says that Musk sold shares over three days, from Monday to Wednesday. 

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