Tesla CEO Elon Musk sold over 20 million shares of the company stock between Monday and Wednesday. The sale is worth about $3.5 billion, according to a regulatory filing. Musk’s latest stock dump follows the nearly $4 billion worth of shares he sold last month.
Musk hasn’t provided a reason publicly for the share sell this time around, nor if he is done for the day. In April, he sold off $8.5 billion worth of Tesla stock, and in August Musk offloaded another $7 billion’s worth.
After Wednesday’s share sell, Musk owns roughly $66 billion worth of Tesla stock.
The sell comes as Tesla investors raise concerns over Musk’s involvement with Twitter, which the executive recently took over after a controversial, and expensive, purchase. Investors say Musk’s involvement with the social media platform is detrimental to Tesla, arguments they back by pointing to the company’s stock price. Trading at $156.80 …
