Elon Musk’s Tesla Share Sales Approach the $40 Billion Mark
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Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he’s offloaded since late last year to almost $40 billion.
Elon Musk sold another $3.58 billion worth of Tesla Inc. shares, bringing the total amount he's offloaded since late last year to almost $40 billion. The latest disposal of about 22 million shares this week coincided with Musk falling from the top spot on the Bloomberg Billionaires Index, a position he'd occupied since September of last year. Tesla's market value also has slumped below the half-trillion-dollar mark for the first time since November 2020. The disclosure sent Tesla shares down as much as 3.5% to $151.33 before the start of regular trading Thursday. The stock has plunged 55% this year through Wednesday's close. ...