Tesla Inc Chief Executive Officer Elon Musk sold 19.5 million shares of the electric vehicle maker for $3.95 billion, according to U.S. securities filings on Tuesday.
The latest sale brings Musk’s total value of Tesla stock sold to nearly $20 billion since revealing his stake in Twitter in April. Musk sold $15.4 billion in Tesla stock between April and August, but said no further sales were planned. Musk, the world’s richest person, purchased Twitter for $44 billion last month and has implemented drastic measures such as laying off half of the company’s employees and instituting a fee for blue check verification marks.
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Tesla Inc Chief Executive Officer Elon Musk sold 19.5 million shares of the electric vehicle maker for $3.95 billion, according to U.S. securities filings on Tuesday.
The latest sale brings Musk’s total value of Tesla stock sold to nearly $20 billion since revealing his stake in Twitter in April. Musk sold $15.4 billion in Tesla stock between April and August, but said no further sales were planned. Musk, the world’s richest person, purchased Twitter for $44 billion last month and has implemented drastic measures such as laying off half of the company’s employees and instituting a fee for blue check verification marks.
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.
