Tesla: Elon Musk still sells billions of dollars of shares in his company

According to a document published Wednesday, December 14 by the American regulator of the markets, the SEC, Elon Musk, the boss of Tesla, sold, at the beginning of the week, for approximately 3.6 billion dollars of additional shares of the manufacturer of vehicles. These 22 million titles were dispersed between Monday and Wednesday, according to the notice.

In all, 39 billion dollars of shares of the automaker sold

Since November 2021, the entrepreneur has sold more than $39 billion worth of automaker shares, according to the Wall Street Journal. The main part was intended for the takeover of Twitter acquired at the end of October for 44 billion dollars, including 27 of personal contribution. This new sale, after a sale of nearly 4 billion dollars in November, comes as the Tesla title crumbles irresistibly on the stock market.


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Investors’ concerns

It fell on Wednesday to its lowest level in more than two years (November 2020). A growing number of investors are concerned that Elon Musk is spending a considerable proportion of his time restructuring Twitter, to the detriment of Tesla. The placing on the market of millions of titles of the Texan group also contributes to lowering the price of the title.


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