Musk sells nearly $3.6 billion more in Tesla stock (NASDAQ:TSLA)
Elon Musk sold another few billion dollars of Tesla stock (NASDAQ:TSLA) so far this week, during the three-day period that the stock more than 12% off.
One SEC filing by the end of Wednesday shows Musk’s trust fell to just 22 million shares Monday through Wednesday, in a series of 29 sales.
It adds up to more than $3.58 billion in proceeds for Tesla shares sold.
The move left Musk revocable trust with beneficial ownership of 423.62 million shares as of Wednesday.
Tesla stock struggles in 2022 as Musk flirts with (and then goes on) a Twitter acquisition (TWTR), a move that prompted him to try to focus on a handful of companies, including Twitter, Tesla, SpaceX, and transportation venture Boring Co.
Tesla (TSLA) To be down nearly 17% in the past month, and has down 60.8% year to date (see a The chart of 2022 versus the market is here).