A U.S securities filing showed Elon Musk unloaded 22 million Tesla shares over three days from Monday to Wednesday
Tesla boss Elon Musk disclosed another $3.6-billion in stock sales on Wednesday, taking his total near $40-billion this year and frustrating investors as the company’s shares wallow at two-year lows.
“It doesn’t put a lot of confidence in the business, or speak volumes for where his attention is at,” said Tony Sycamore, an analyst at brokerage IG Markets, where Tesla is a popular stock among small-time investors.shares and they’re absolutely furious at Elon.” Musk’s fortune, mostly tied up in Tesla shares, has fallen with prices this year and he briefly lost his title as the world’s richest person last week – according to Forbes – when he was overtaken by Louis Vuitton boss Bernard Arnault.
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's how Elon Musk is changing what you see on TwitterElon Musk is shifting what messages get amplified or hidden on Twitter through recent changes he's made.
Read more »
EXPLAINER: How Elon Musk is changing what you see on TwitterWhat you’re seeing in your feed on Twitter is changing. But how?
Read more »
EXPLAINER: How Elon Musk is changing what you see on TwitterWhat you're seeing in your feed on Twitter is changing. But how? The social media platform's new owner, Elon Musk, has been trying to prove through giving selected journalists access to some of the company's internal communications dubbed “The Twitter Files” that officials from the previous leadership team allegedly suppressed right-wing voices.
Read more »
Elon Musk is no longer the world’s richest person - BNN BloombergElon Musk, once worth as much as US$340 billion, has been displaced as the world’s richest person by Bernard Arnault.
Read more »
Musk loses world's richest title to Arnault with Tesla unwinding - BNN BloombergElon Musk, once worth as much as US$340 billion, has been displaced as the world’s richest person by Bernard Arnault.
Read more »
Twitter suspends bot account tracking Elon Musk's jetThe 20\u002Dyear\u002Dold has said that he turned down a $5,000 offer from Elon Musk in 2021 to shut down his bot account
Read more »