FILE – Elon Musk arrives at the Justice Center in Wilmington, Del., Tuesday, July 13, 2021. (AP Photo/Matt Rourke, File)
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The magnate and businessman Elon Musk has sold almost 22 million Tesla shares worth more than 2,500 million dollars this week, according to documents made public this Wednesday and collected by The Wall Street Journal.
It’s the second time Musk has dumped a significant number of shares in his company since he bought Twitter in late October for $44 billion.
In November it was revealed that the also founder of SpaceX had sold 19.5 million shares of Tesla for a value of 3,950 million dollars.
These sales by the CEO of the electric vehicle company have had a negative effect on the share price, which has fallen more than 50% in 2022.
Some analysts had predicted that Musk would be forced to sell part of his Tesla shares to finance the operation of Twitter, which according to the businessman himself is losing 4 million dollars a day.
Almost all of Musk’s immense fortune, which until the acquisition of the social network was over 200,000 million dollars, is invested in the shares of the automaker. EFE
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This story was originally published on December 14, 2022 9:32 p.m.
Source: El Nuevo Herald
