Elon Musk Sells Tesla Shares Worth $3.58 Billion

Reuters2022-12-15

Dec 14 (Reuters) - Tesla Inc Chief Executive Officer Elon Musk has sold 22 million shares worth $3.58 billion in the electric-vehicle maker this week, a U.S. securities filing showed on Wednesday.

The latest sale, Musk's second since his $44 billion purchase of Twitter in October, brings the total Tesla stocks sold by the billionaire to nearly $40 billion over the past year.

He now owns 13.4% of the world's most valuable carmaker, according to Refinitiv data.

Investor concerns that Musk's purchase of Twitter could divert his time away from Tesla have driven down shares of the company more than 60% in 2022, making it one of the worst-performing stocks among major automakers and tech firms this year.

The stock hit its lowest in over two years last night.

Musk, who recently lost his title as the world's richest person, unloaded shares over three days between Monday and Wednesday, according to the filing.

Tesla did not immediately respond to a Reuters request for comment outside business hours.

The latest share sale comes a month after Musk sold shares worth $4 billion in Tesla days after he closed the Twitter deal.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Lukas.Song
2022-12-16
Lukas.Song
Hmm..
Guardian_J
2022-12-16
Guardian_J
Woo
- Vincentan59:
  [Facepalm][Facepalm][Facepalm]
ArcticFox88
2022-12-16
ArcticFox88
Like
- ArcticFox88:
  Ok
ExiledKitty
2022-12-15
ExiledKitty
His collaterised debts using Tesla shares is going to get margin call soon. This is going to drive the price to the ground when it happens (and is happening if price continue to fall). Good luck to those who are naive. Dont love the stock, love the money only.
soosoo
2022-12-15
soosoo
[Miser]
hphoa
2022-12-15
hphoa
🍌

Leave a comment

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class=\"s1\">Ok</span>","text":"<span class=\"s1\">Ok</span>","html":"<span class=\"s1\">Ok</span>"}],"langContent":"EN"},{"id":9921463997,"gmtCreate":1671113724019,"gmtModify":1676538492494,"author":{"id":"3571834922490812","authorId":"3571834922490812","name":"ExiledKitty","avatar":"https://static.tigerbbs.com/2a4ac1e714e780538b59f0da10ec45ec","vip":1,"crmLevel":5,"crmLevelSwitch":0},"htmlText":"His collaterised debts using Tesla shares is going to get margin call soon. This is going to drive the price to the ground when it happens (and is happening if price continue to&nbsp;fall). Good luck to those who are naive. Dont love the stock, love the money only.&nbsp;","listText":"His collaterised debts using Tesla shares is going to get margin call soon. This is going to drive the price to the ground when it happens (and is happening if price continue to&nbsp;fall). Good luck to those who are naive. Dont love the stock, love the money only.&nbsp;","text":"His collaterised debts using Tesla shares is going to get margin call soon. This is going to drive the price to the ground when it happens (and is happening if price continue to fall). Good luck to those who are naive. Dont love the stock, love the money only.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921463997","repostId":1145285433,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9921401723,"gmtCreate":1671105213462,"gmtModify":1676538490789,"author":{"id":"4089777453696550","authorId":"4089777453696550","name":"soosoo","avatar":"https://static.tigerbbs.com/a7a8e4a0c1e8d4b7bf1e9db91cfaffc8","vip":1,"crmLevel":4,"crmLevelSwitch":0},"htmlText":"[Miser]&nbsp;","listText":"[Miser]&nbsp;","text":"[Miser]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921401723","repostId":1145285433,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9921575518,"gmtCreate":1671104056035,"gmtModify":1676538490570,"author":{"id":"3578790486524477","authorId":"3578790486524477","name":"hphoa","avatar":"https://community-static.tradeup.com/news/28a11e936497493af7ee5ccdc32238a3","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"🍌","listText":"🍌","text":"🍌","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9921575518","repostId":1145285433,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":254,"commentSize":48,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1145285433"}