Elon Musk sold at least $3.95 billion worth of Tesla shares as his net worth hits 2022 low
Elon Musk is having big troubles since "bird is freed". Tesla owner Musk is reported to sell nearly $4 billion worth of Tesla shares.
WASHINGTON, (TechtUSA) Elon Musk sold an additional $3.95 billion worth of Tesla shares after the big Twitter deal. According to reports of U.S. Securities and Exchange Commission (SEC), Elon Musk sold 19.5 million shares of the company. Moreover, his wealth is reported to hit the lowest of this year.
Tesla shares takes a hit after Musk's great sell out
Elon Musk sold 19.5 million more Tesla shares, according to filings with the Securities and Exchange Commission that were released on Tuesday. These shares worth $3.95 billion as of today. Moreover, Musk sold Tesla shares worth about $8.5 billion in April and $6.9 billion in August this year.
With the last sale, approximately $19.4 billion worth of Tesla shares have been sold since April, when Musk agreed to buy Twitter. In addition, Tesla shares fell %0.7 in after-hours trading on Tuesday. It is also obvious that Tesla shares is down %10 since the big Twitter deal.
Elon Musk's net fortune continues to plunge
After fell of the Tesla stocks, Elon Musk, positioned as the world's richest man, saw his net fortune plunging down $200 billion as investors start to sell out Tesla shares over worries that Elon Musk stays more immersed with Twitter.
As of right now, Musk has a net worth of $194.8 billion. To recall, Musk's net fortune comes from his nearly 15% share in Tesla having a market value of $622 billion.
