Elon Musk sells Tesla shares for another $3.6 billion

After selling nearly $4 billion worth of Tesla stock in November, Elon Musk still sold about $3.6 billion in additional shares.

Elon Musk earlier this week sold about $3.6 billion worth of additional shares in Tesla, which he heads, according to a document published Wednesday by the US regulator of the markets, the SEC. Those 22 million titles were distributed between Monday and Wednesday, according to the announcement.

Since November 2021, the entrepreneur has sold more than $39 billion worth of automaker stock, according to the Wall Street Journal. The main part was intended for the acquisition of Twitter acquired at the end of October for 44 billion dollars, including 27 in personal contribution.

4 billion dollars in November

This new selloff, after a nearly $4 billion selloff in November, comes as the Tesla stock crumbles irresistibly on the stock market. It fell on Wednesday to the lowest level in more than two years (November 2020).

A growing number of investors are concerned that Elon Musk is spending a significant amount of his time on the restructuring of Twitter to the detriment of Tesla. The marketing of millions of titles from the Texan group also helps to lower the price of the title.

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