Musk sells $3.6b of shares in Tesla
By BBC, December 16, 2022Multi-billionaire Elon Musk has sold another 22 million shares, worth $3.58 billion, in the electric car maker Tesla.
The shares were sold on the Monday, Tuesday and Wednesday this week, according to a filing with a US financial regulator.
It brings the total of Tesla stocks sold by Musk over the past year to almost $40 billion.
Earlier this week Musk lost his position as the world’s richest person.
The reason for the latest share sales has not been disclosed.
He remains Tesla’s biggest shareholder with a 13.4 per cent stake, according to financial market data provider Refinitiv.