Elon Musk sold $6.9 billion of shares in Tesla Inc. on Tuesday according to regulatory filings, the first time he has sold stock in the carmaker since dropping his bid to buy Twitter Inc.
The shares were sold by Tesla’s CEO on August 5, according to the new filings. Musk has now sold approximately $32 billion in Tesla stock in the last ten months. The latest sales’ purpose was not immediately clear. Tesla’s stock plummeted late last year after Musk sold more than $16 billion in stock, his first sales in more than five years. The sales began in November, after Musk asked Twitter users if he should sell his stake.
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Elon Musk sold $6.9 billion of shares in Tesla Inc. on Tuesday according to regulatory filings, the first time he has sold stock in the carmaker since dropping his bid to buy Twitter Inc.
The shares were sold by Tesla’s CEO on August 5, according to the new filings. Musk has now sold approximately $32 billion in Tesla stock in the last ten months. The latest sales’ purpose was not immediately clear. Tesla’s stock plummeted late last year after Musk sold more than $16 billion in stock, his first sales in more than five years. The sales began in November, after Musk asked Twitter users if he should sell his stake.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
StartupNews.fyi is a leading global startup and technology media platform known for its end-to-end coverage of the startup ecosystem across India and key international markets. Launched with the vision of becoming a single gateway for founders, investors, and ecosystem enablers, StartupNews.fyi has grown steadily over the years by publishing tens of thousands of verified news stories, insights, and ecosystem updates, reaching millions of startup enthusiasts every month through its digital platforms and communities.
