Elon Musk sells $3.6B worth of shares in Tesla
Elon Musk, the CEO of Tesla and Twitter, has sold another 22 million shares of Tesla, worth around $3.6 billion, according to a filing with the United States (US) financial regulator. The Tesla shares were sold on Monday, Tuesday and Wednesday, according to the filings with the Securities and Exchange Commission. Over the past year, Musk sold almost $40 billion of Tesla shares. After Musk’s Twitter takeover in October 2022, he told Twitter employees that he sold Tesla shares to “save” their business. Musk sold parts of his sizable holdings in Tesla after he agreed to buy Twitter for $44 billion. After the Twitter takeover, Musk also appointed himself CEO of the social media company. Musk, who is also CEO of SpaceX, a major defence contractor, has also lost his position as the world's richest person. He lost his title as the world's richest person to Bernard Arnault, the chief executive officer (CEO) of luxury brand Louis Vuitton's parent company LVMH. According to ...