te Elon Musk sells Tesla stock worth about $4 billion | Zee Business

Elon Musk sells Tesla stock worth about $4 billion

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.

Elon Musk sells Tesla stock worth about $4 billion
Musk, the world's richest person, took over Twitter in a $44 billion deal last month. {Pic: Reuters}

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk has sold 19.5 million shares of the electric vehicle maker worth $3.95 billion, U.S. 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.
 

Written By: Reuters
Updated: Wed, Nov 09, 2022
08:29 am
New Delhi, Reuters
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