{"id":51936,"date":"2022-12-15T07:02:00","date_gmt":"2022-12-15T07:02:00","guid":{"rendered":"http:\/\/nationaltimes.pk\/eng\/?p=51936"},"modified":"2022-12-15T07:02:00","modified_gmt":"2022-12-15T07:02:00","slug":"elon-musk-sells-22-million-tesla-shares","status":"publish","type":"post","link":"https:\/\/nationaltimes.pk\/eng\/2022\/51936\/","title":{"rendered":"Elon Musk sells 22 million Tesla shares"},"content":{"rendered":"

Web Desk (National Times) – Tesla Chief Executive Officer Elon Musk has sold 22 million shares worth $3.58 billion in the electric-vehicle maker this week, a U.S. securities filing showed on Wednesday.<\/p>\n

The latest sale, Musk s second since his $44 billion purchase of Twitter in October, brings the total Tesla stocks sold by the billionaire to nearly $40 billion over the past year.<\/p>\n

He now owns 13.4% of the world s most valuable carmaker, according to Refinitiv data.<\/p>\n

Investor concerns that Musk s purchase of Twitter could divert his time away from Tesla have driven down shares of the company more than 60% in 2022, making it one of the worst-performing stocks among major automakers and tech firms this year.<\/p>\n

The stock hit its lowest in over two years last night.<\/p>\n

Musk, who recently lost his title as the world s richest person, unloaded shares over three days between Monday and Wednesday, according to the filing.<\/p>\n

Tesla did not immediately respond to a Reuters request for comment outside business hours.<\/p>\n

The latest share sale comes a month after Musk sold shares worth $4 billion in Tesla days after he closed the Twitter deal.<\/p>\n","protected":false},"excerpt":{"rendered":"

Web Desk (National Times) – Tesla Chief Executive Officer Elon Musk has sold 22 million shares worth $3.58 billion in the electric-vehicle maker this week, a U.S. securities filing showed on Wednesday. The latest sale, Musk s second since his $44 billion purchase of Twitter in October, brings the total Tesla stocks sold by the […]<\/p>\n","protected":false},"author":1,"featured_media":51940,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-51936","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","entry"],"yoast_head":"\nElon Musk sells 22 million Tesla shares - Nation<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationaltimes.pk\/eng\/2022\/51936\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk sells 22 million Tesla shares - Nation\" \/>\n<meta property=\"og:description\" content=\"Web Desk (National Times) – Tesla Chief Executive Officer Elon Musk has sold 22 million shares worth $3.58 billion in the electric-vehicle maker this week, a U.S. securities filing showed on Wednesday. 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