Elon Musk sells Tesla shares for $3.5 billion

Elon Musk sells Tesla shares for $3.5 billion

The Tycoon and the Businessman Elon Musk sold nearly 22 million shares of You’re here worth more than 3 billion 500 million dollars during this week, according to documents made public this Wednesday and collected by the newspaper The Wall Street Journal.

This is the second time that Musk has a significant number of shares in your company since you purchased Twitter end of October for 44 billion dollars.

In November, it was revealed that the founder also of SpaceX had sold 19.5 million shares of You’re here for a value of 3 thousand 950 million dollars.

These sales by executive Director of the company of electric vehicles had a negative effect on the share price, which fell by more than 50% in 2022.

Some analysts predicted that Musk would be forced to sell part of its shares in You’re here to fund the operation of Twitterwhich according to the businessman himself loses 4 million dollars up to date.

Almost all of the immense fortune of Muskwhich until the acquisition of the social network represented more than 200 billion dollars, is invested in the shares of the manufacturer of automobiles.


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