Saturday, November 16

Elon Musk sells Tesla shares again after buying Twitter

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Photo: PATRICK PLEU POOL/REUTERS / Deutsche Welle

Entrepreneur Elon Musk has sold almost 50 million shares of Tesla

worth more than 3,606 million dollars during this week, according to documents made public and collected by the newspaper The Wall Street Journal .

This is the second time that Musk disposes of a considerable number of shares

of his company since he bought Twitter at the end of October by 22,000 millions of dollars.

In November, it was revealed that the also founder of SpaceX had sold 19.5 million shares of Tesla for a value of 3,2022 million dollars it is.

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 shares of Tesla 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 above the 100, million dollars, is invested in the shares of the automobile manufacturer.

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