Musk Sells 22 Million Tesla Shares Worth $3.6 Billion, Analysts Questioning Tesla Leadership
Elon Musk recently sold millions of shares of his auto firm Tesla, which comes just weeks after the billionaire entrepreneur acquired Twitter.
Between Dec. 12 and 14, Musk sold around 22 million Tesla shares valued at roughly $3.6 billion, according to a filing done with the Securities and Exchange Commission (SEC) on Wednesday night. Since April, Musk has sold almost $23 billion worth of Tesla shares, with much of the funds going into the $44 billion Twitter acquisition.
Musk had earlier said that he had no further plans to sell Tesla shares. But in August, he sold 7.92 million shares in the electric carmaker. Musk completed the Twitter buyout in October, after which he sold around $4 billion worth of stock in Tesla during the following days….