Elon Musk sells Tesla stock worth about $4 bln

Elon Musk sells Tesla stock worth about $4 bln

The latest sale brings the total value of Tesla stocks sold by Musk to nearly $20 bln since he disclosed his stake in twitter in April.

Musk sold a combined $15.4 billion worth of Tesla shares in April and August, but had said there were no further sales planned.
Reuters
  • Nov 09, 2022,
  • Updated Nov 09, 2022, 8:00 AM IST

Tesla Inc Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion, US securities filings showed on Tuesday.

The latest sale brings the total value of Tesla stocks sold by Musk to nearly $20 bln since he disclosed his stake in twitter in April.

Musk sold a combined $15.4 billion worth of Tesla shares in April and August, but had said there were no further sales planned.

Musk, the world's richest person, took over Twitter in a $44 billion deal last month and has engaged in drastic measures including sacking half the staff and a plan to charge for blue check verification marks.

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