Musk sells Tesla shares for another $3.6 billion
- December 15, 2022
- 0
Tesla CEO Elon Musk has sold an additional 22 million shares of its electric car business, worth approximately $3.6 billion. As reported by Ukrinform, CNBC is reporting this.
Tesla CEO Elon Musk has sold an additional 22 million shares of its electric car business, worth approximately $3.6 billion.
As reported by Ukrinform, CNBC is reporting this.
The transactions took place between Monday and Wednesday, according to documents submitted to the U.S. Securities and Exchange Commission.
Earlier this year, Musk told his millions of followers on social media that he “does not plan to sell any more shares of Tesla” after April 28.
According to financial research firm VerityData, Musk has sold 94,202,321 shares this year at an average price of $243.46 per share. Its pre-tax sales were approximately $22.93 billion.
Tesla shares fell this year and fell further after Elon Musk bought Twitter
According to the news of Ukrinform, the shares of Tesla, the leading American company in the field of electric vehicles, have lost approximately 40% of its value since the end of September, while the Standard & Poor’s 500 stock market index gained 12% in this period.
Source: Ukrinform
I’m Maurice Knox, a professional news writer with a focus on science. I work for Div Bracket. My articles cover everything from the latest scientific breakthroughs to advances in technology and medicine. I have a passion for understanding the world around us and helping people stay informed about important developments in science and beyond.
