Elon Musk’s Tesla Share Sales Approach the $40 Billion Mark (3)

Elon Musk sold another $3.58 billion worth of Tesla Inc.shares, bringing the total amount he’s offloaded since late last year to almost $40 billion.

The latest disposal of about 22 million shares this week coincided with Musk falling from the top spot on the Bloomberg Billionaires Index, a position he’d occupied since September of last year. Tesla’s market value also slumped below the half-trillion-dollar mark for the first time since November 2020.

WATCH: Musk has offloaded almost $40 billion worth of Tesla shares since late last year. Craig Trudell reports.

Source: Bloomberg

Musk’s persistent selling after repeated assurances that he was done unloading Tesla stock reflects mounting pressure on the finances of Twitter Inc. His erratic and ...