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Business News›Markets›Stocks›News›Elon Musk sells Tesla shares worth $3.58 bln -
filing



THE ECONOMIC TIMES DAILY NEWSPAPER IS AVAILABLE ONLINE NOW.

Read Today's Paper


ELON MUSK SELLS TESLA SHARES WORTH $3.58 BLN - FILING

SECTIONS
Elon Musk sells Tesla shares worth $3.58 bln - filing
ReutersLast Updated: Dec 15, 2022, 08:31 AM IST
Synopsis


SHARES OF TESLA, THE WORLD'S MOST VALUABLE CARMAKER, IS ONE OF THE WORST
PERFORMING STOCKS AMONG MAJOR AUTOMAKERS AND TECH COMPANIES THIS YEAR, AS
INVESTORS WORRY THAT MUSK'S PURCHASE OF TWITTER COULD DIVERT HIS TIME AWAY FROM
TESLA.

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

The latest sale brings the total Tesla stocks sold by Musk to nearly $40 billion
over the past year.

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

Shares of Tesla, the world's most valuable carmaker, is one of the worst
performing stocks among major automakers and tech companies this year, as
investors worry that Musk's purchase of Twitter could divert his time away from
Tesla.

Musk unloaded shares over three days between Monday and Wednesday, according to
the filing.






READ MORE NEWS ON

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 * INDIAN INDICES

AS ON 10:20 AM | 16 DEC 2022

 * Nifty Bank43,173.55
   
   1 Advance11 Decline
   
   
   -324.65 (-0.75%) Nifty Next 5043,076.70
   
   4 Advance46 Decline
   
   
   -467.40 (-1.07%) Nifty Midcap 10032,070.40
   
   9 Advance91 Decline
   
   
   -460.35 (-1.42%) Nifty 5018,327.45
   
   7 Advance43 Decline
   
   
   -87.45 (-0.47%) SENSEX61,546.71
   
   6 Advance24 Decline
   
   
   -252.32 (-0.41%)
   
   View All Gainers >>


MARKET DASHBOARD

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 * BPCL343.8010:24 AM | 16 Dec 2022-5.35 (-1.53%) Adani Ent.3,982.3510:24 AM |
   16 Dec 2022-61.40 (-1.52%) M&M1,267.4510:24 AM | 16 Dec 2022-19.50 (-1.52%)
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