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Elon Musk Sold 4 Billion Dollars of Tesla Shares!

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Tesla CEO Elan Musk reported yesterday that he sold $4 billion in Tesla stock to the SEC. In a statement on Twitter, E.Musk stated that he does not plan to sell more shares in Tesla.

The SEC reported that E.Musk sold a total of 4.4 million Tesla shares on Tuesday and Wednesday. This equates to 2.6 percent of Musk’s stake in Tesla.

Value Lost in 5 Days

Elon Musk, who bought Twitter for $ 44 billion, will meet $ 21 billion of this purchase directly from his own wealth. Therefore, it was an expected development that the famous billionaire sold his Tesla shares. Tesla shares fell 13.5% in the last 5 days with this expectation, while the monthly share loss reached 20.2%.

According to Forbes data, E.Musk, who is the richest person in the world with a fortune of $ 246 billion, consists of Tesla and SpaceX shares, which hold a significant part of his wealth.

Gül Demirci

Hello, I am Gul, I write content for Expat Guide Turkey every day. Don't forget to check it out!

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