Elon Musk Offloads Another $3.6 Billion Of Tesla Stock | Carscoops carscoops
sold another huge chunk of the automaker’s stock this week, which is another shot of bad news for investors who have seen Tesla’s share price halve this year.
Musk offloaded $3.6 billion of stock in the early part of this week, meaning he has parted with almost $40 billion worth of shares over the course of 2022., which is currently struggling with a huge drop in advertising revenue, this latest stock dump is the second since the Twitter takeover. Musk sold 19.5 million shares worth $3.95 billion immediately following the completion of his Twitter deal in October of this year.
Musk is still the single biggest shareholder at Tesla, but the sale takes his stake in the automaker down to 13.4 percent from 17 percent last year. And that’s not the only thing that’s dropped. Last weekTesla Model S And X Owners Will Finally Be Able To Play Steam Games In Their Cars Forbes and Bloomberg now rank Louis Vuitton chief Bernard Arnault as the wealthiest man on the planet. Arnault has an estimated $191 billion fortune compared with $174 billion for Musk, though it’s not like the Tesla CEO is going to stress about whether he can afford the steak over the chicken when he goes out for dinner.
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