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

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.

Published on: Nov 09, 2022, 8:00 AM IST
Posted by: Mehak Agarwal, Nov 09, 2022, 7:53 AM IST