Elon Musk sells $3.58B worth of Tesla stock, purpose unknown

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Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent. The Tesla CEO, and new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the U.S. Securities and Exchange Commission.

Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent.

Musk has sold nearly $23 billion worth of Tesla stock since April, with much of the money likely going to help fund his $44 billion acquisition of Twitter. The falling shares have bumped Musk from his status as the world's wealthiest person, with his net worth falling to $174 billion, according to Forbes. He was passed last week by French fashion and cosmetics magnate Bernard Arnault.

 

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He’s going to buy some trading cards. 🤣🤣🤣

Because he’s bleeding $$$$$

Tesla is going to be all but bankrupt by 2024. He knows it.

Wow CTV great reporting...I bet it took a lot of research to come up this major scoop. Pathetic.

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