Elon Musk sells $3.95 billion worth of Tesla stock
2 years, 2 months ago

Elon Musk sells $3.95 billion worth of Tesla stock

Associated Press  

Twitter’s new owner and Tesla CEO Elon Musk sold nearly $4 billion worth of Tesla shares, according to regulatory filings. In all, Musk has sold more than $19 billion worth of Tesla stock since April, including those in Tuesday’s filings, likely to fund his share of the Twitter purchase. “Our fear heading into the final days of the deal was that Musk was going to be forced to sell more Tesla stock to fund the disaster Twitter deal and ultimately those fears came true which speaks to some of the massive selling pressures on the stock of late,” wrote Daniel Ives at Wedbush. “For Musk who multiple times over the past year has said he is ‘done selling Tesla stock’ yet again loses more credibility with investors and his loyalists in a boy who cried wolf moment.” Most of Musk’s wealth is tied up in shares of Tesla Inc. On Tuesday, his personal net worth dropped below $200 billion, according to Forbes, but he is still the world’s richest person.

History of this topic

Tesla CEO Elon Musk donates shares worth $100 million to charities
5 days, 3 hours ago
Elon Musk's Tesla sees first sales drop since 2011 as competition rises, Trump support holds back customers
6 days, 20 hours ago
Elon Musk's Tesla sees first annual sales decline: 1.1% drop in 2024
1 week ago
Elon Musk, now worth over $400 billion, leads Trump's super-rich administration
Trending News
3 weeks, 3 days ago
Elon Musk’s wealth jumps by $170bn since election day after he backed Trump with $277m
3 weeks, 3 days ago
Elon Musk’s net worth reaches historic peak. What is it?
3 weeks, 5 days ago
Musk says US is demanding he pay penalty over disclosures of his Twitter stock purchases
3 weeks, 6 days ago
Elon Musk says SEC orders him to pay fine over Twitter purchase or face charges
Trending News
4 weeks ago
Bill Gates to go bankrupt? Tesla CEO Elon Musk explains how
4 weeks ago
How Elon Musk became the first person with net worth of $400 billion
4 weeks ago
SpaceX is now more valuable than McDonald's, Coca-Cola, Elon Musk becomes richest person of our era
4 weeks ago
Elon Musk’s net worth reaches historic peak. What is it?
Trending News
4 weeks, 1 day ago
How SpaceX insider deal helped Elon Musk's wealth soar beyond $400 billion mark
4 weeks, 1 day ago
Elon Musk hits ‘historic first’: $400 billion net worth rocketed by $50 billion SpaceX share sale
4 weeks, 1 day ago
Elon Musk becomes first person to cross $400 billion in wealth
4 weeks, 1 day ago
Elon Musk becomes first person in history with $400 billion net worth
4 weeks, 1 day ago
Elon Musk becomes the first person on earth to reach a net worth of $400 billion
4 weeks, 2 days ago
Trump adds more billionaires to his administration after promising to help ‘everyday Americans’
1 month ago
A judge has once again rejected Musk’s multi-billion-dollar Tesla pay package. Now what?
1 month ago
Elon Musk's SpaceX planning to sell insider shares to boost value to $350 billion
1 month ago
Musk's $55.8 bn Tesla pay deal again rejected by US judge
1 month, 1 week ago
SpaceX weighs tender offer at roughly $350 billion valuation
1 month, 1 week ago
US judge again rejects Elon Musk's $55.8 billion Tesla compensation package
1 month, 1 week ago
Elon Musk loses $56 billion pay package in latest court ruling
1 month, 1 week ago
Elon Musk's $56 billion Tesla pay rejected by US court again
1 month, 1 week ago
Elon Musk’s massive, multibillion-dollar Tesla pay package was blocked by a judge again
1 month, 1 week ago
Investors who backed Elon Musk's Twitter buy awarded 25% of xAI shares
1 month, 1 week ago
Elon Musk buying MSNBC? A difficult feat, because it isn’t for sale
Trending News
1 month, 2 weeks ago
‘How much does it cost?’: Elon Musk hints at buying MSNBC as Donald Trump Jr suggests ‘funniest idea ever’
1 month, 2 weeks ago
Elon Musk Is Now The Richest Person In History. Check Out His Net Worth
1 month, 2 weeks ago
Elon Musk Becomes the Richest Person in History
Trending News
1 month, 2 weeks ago
Richest man in the world now $7 billion richer. Windfall from US election rockets Elon Musk’s worth to $334.3 billion
1 month, 2 weeks ago
Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’
Top News
1 month, 2 weeks ago
Elon Musk, world's richest person just got richer; his net worth shoots up $70 billion after Trump's election win
1 month, 2 weeks ago
Jeff Bezos responds to Elon Musk’s accusations in rare X post. What Amazon billionaire said
1 month, 2 weeks ago
Elon Musk is officially the richest he's ever been with a $70 billion jump in net worth post-Trump's win
1 month, 2 weeks ago
Elon Musk gets even richer after wealth hits all-time high post Trump win
1 month, 2 weeks ago
"How much does it cost?": Musk jokes about buying MSNBC from Comcast
Trending News
1 month, 2 weeks ago
Jeff Bezos denies Musk's claim on Tesla stock advice: '100% not true'
1 month, 2 weeks ago
Elon Musk's Tesla stocks on unstoppable rally after Trump's win, here's why
1 month, 4 weeks ago
Elon Musk's net worth crosses $300 billion following Trump's victory, a first in three years
2 months ago
Elon Musk’s net worth crosses $300 billion post Tesla’s 30 percent share surge
2 months ago
Elon Musk’s net worth tops $300 billion in wake of Trump victory
2 months ago
Elon Musk's Tesla hits $1 trillion market value after Trump win
2 months ago
Tesla Mcap hits $1 trillion after CEO Elon Musk-backed Trump’s poll victory; Stock up 29% YTD
2 months ago
Elon Musk’s net worth soars by $26 billion to hit $290 billion after Donald Trump’s presidential win
2 months ago
Trump made world's wealthiest top 10 richer by $64 bn with his election win
Trending News
2 months ago
Elon Musk's net worth rises $26 billion in a day after Donald Trump's election victory
2 months ago
Elon Musk's net worth reaches close to 300 billion USD after Trump's win in US presidential elections
2 months ago
Elon Musk's big bet on the US election has paid off, now it's time for 'hardcore reform' of US
Trending News
2 months ago

Discover Related