Twitter owner and Tesla CEO Elon Musk sold about 22 million more shares of Tesla stock, worth about $3.6 billion.
According to the CNBC News Network , documents related to the United States Securities Exchange Commission show that these transactions were made on Monday, Tuesday and Wednesday of this week.
Last November, Elon Musk filed documents related to the sale of Tesla shares worth $3.4 billion with the SEC Commission.
Before that date, he sold 8.4 billion dollars in April and 6.9 billion dollars in August, and now he has sold another 3.58 billion of Tesla shares.
Earlier this year, the CEO of Tesla and SpaceX said on social media, “After April 28, no further sales of Tesla stock are planned.”
It is said that with the sale of another $3.58 billion of Tesla shares, the company’s stock value has reached its lowest level in the last two years.
Tesla shares fell 2.6% to $156.80 on Wednesday, reducing the company’s market value to $495 billion. Tesla shares decreased by 55% by the end of Wednesday (December 23).
It is worth noting that Elon Musk lost the position of the richest person in the world.
According to the Forbes list of billionaires, Musk was ranked second, and Bernard Arnault, the CEO of the parent company of Louis Vuitton and his family, took his place.