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The Twitter buyout has prompted Elon Musk to offload a large portion of his Tesla shares on several occasions. He recently sold 22 million shares of his car brand for a total value of $3.6 billion.
In the space of three days, the CEO of the smart car brand sold $3.6 billion worth of shares.
This is the second time Tesla shares have been sold in huge numbers by Elon Musk after the $44 billion Twitter buyout in October. A few days after the deal on the bluebird network, the billionaire had sold shares of the manufacturer for a value of $ 4 billion, .
The total valuation of Tesla shares that the former world’s largest fortune has sold this year has thus reached $ 40 billion.
According to Forbes, Elon Musk is no longer the richest man in the world. Between his takeover of Twitter and his considerable sale of shares, his fortune would have shrunk by $110 trillion according to Bloomberg data.
Tesla’s stock at half-mast
Although nothing has been confirmed about this stock sale, including whether or not it is related to the Twitter acquisition, investors are nonetheless annoyed by Elon Musk’s actions.
“This is not a good situation. I’ve talked to a lot of investors who own Tesla stock and they are absolutely furious with Elon,” said Tony Sycamore, an analyst at Brokerage IG Markets.
This year, Tesla’s stock price has fallen 50% as the brand has consistently underperformed, both on the Nasdaq and among automakers.
Ross Gerber, a Tesla investor and staunch supporter of Elon Musk, however, tweeted that a buyout announcement should be made by Tesla “to take advantage of the low stock price that Elon has created.”
Indeed, Elon Musk needs support right now. A few days ago, the Tesla executive launched a poll on Twitter, asking users if he should leave the management. And out of more than 17 million participants, more than 57.5% answered favorably. He had said when publishing this tweet, that he would follow the decision of the results of the voters.
Read also >Tesla is no longer the favorite brand of the American consumer
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The Twitter buyout has prompted Elon Musk to offload a large portion of his Tesla shares on several occasions. He recently sold 22 million shares of his car brand for a total value of $3.6 billion.
In the space of three days, the CEO of the smart car brand sold $3.6 billion worth of shares.
This is the second time Tesla shares have been sold in huge numbers by Elon Musk after the $44 billion Twitter buyout in October. A few days after the deal on the bluebird network, the billionaire had sold shares of the manufacturer for a value of $ 4 billion, .
The total valuation of Tesla shares that the former world’s largest fortune has sold this year has thus reached $ 40 billion.
According to Forbes, Elon Musk is no longer the richest man in the world. Between his takeover of Twitter and his considerable sale of shares, his fortune would have shrunk by $110 trillion according to Bloomberg data.
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The Twitter buyout has prompted Elon Musk to offload a large portion of his Tesla shares on several occasions. He recently sold 22 million shares of his car brand for a total value of $3.6 billion.
In the space of three days, the CEO of the smart car brand sold $3.6 billion worth of shares.
This is the second time Tesla shares have been sold in huge numbers by Elon Musk after the $44 billion Twitter buyout in October. A few days after the deal on the bluebird network, the billionaire had sold shares of the manufacturer for a value of $ 4 billion, .
The total valuation of Tesla shares that the former world’s largest fortune has sold this year has thus reached $ 40 billion.
According to Forbes, Elon Musk is no longer the richest man in the world. Between his takeover of Twitter and his considerable sale of shares, his fortune would have shrunk by $110 trillion according to Bloomberg data.
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