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.