The Securities and Exchange Commission reports that Tesla’s CEO, Elon Musk sold $3.6 billion worth of shares in Tesla. Bernard Arnault, the CEO of goods firm LVMH, displaced Musk as the world’s richest person around the same time this week. Through the sale of Tesla shares, Elon Musk has raised over $20 billion so far this year. In order to pay for Twitter’s $44 billion acquisition, he has been raising money. There is no mention of the purpose of the latest share sale in the supervisory filing. According to Bloomberg Billionaires Index data as of 10.20 am on Wednesday, Elon Musk’s fortune has ruined by more than $100 billion since January to $168.5 billion.
Elon Musk Sold $3.6 Billion Worth of Shares In Tesla. Having fallen from the top spot for the first time since September 2021, Elon Musk’s fall puts an end to his tumultuous year. Taking Twitter private for $44 billion in April shocked the world, showing how the wealthiest can use their fortunes. As investors lashed out at Elon Musk’s distraction from Tesla following his purchase of Twitter, Tesla shares fell to their lowest level in over two years on Wednesday. Tesla has no working CEO since Elon Musk abandoned it, tweeted KoGuan Leo, Tesla’s third largest shareholder and Musk’s “fanboy.”