January 28, 2023

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Musk sold Tesla shares for 224 billion in 2022 - E24

Musk sold Tesla shares for 224 billion in 2022 – E24

The CEO and major shareholder of the electric car maker sold shares of Tesla for the fourth time this year.

Elon Musk continues to sell Tesla shares.
published: published:

Elon Musk made another big sale of Tesla shares, one of the bids Submission to the US Financial Conduct Authority From night to Thursday.

According to the “Tesla” website, this time the head of “Tesla” sold shares for about $ 3.58 billion. bloomberg. This corresponds to about NOK 35 billion at today’s exchange rate.

About 22 million shares disposed of by Musk were sold between December 12 and 14.

Read on E24+

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Almost $23 billion

This isn’t the first time Musk has sold a significant portion of Tesla stock this year.

In April, he sold shares in the company for $8.5 billion, before selling them in August for $6.9 billion. In November, Musk sold more Tesla shares for $3.95 billion.

With the latest sale this week, the CEO sold Tesla shares for $22.93 billion in 2022. That’s about 224 billion crowns at today’s exchange rate.

Among other things, Musk needed the money to buy Twitter for $44 billion, and a significant part of the money came from selling Tesla shares.

The social media takeover was finally finalized at the end of October, after a tortuous takeover path as Musk tried to pull out of the agreement, among other things.

In other words, there were two rounds of Tesla stock sales after the Twitter acquisition was completed.

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He is no longer the richest

Tesla Share has had a tough year. It’s down about 55 percent since the new year, to a rate of $156.8 at the close on Wednesday.

Tesla’s price change has led to a decline in Musk’s fortune, and he is no longer one of the richest people in the world.

So far this year, his fortune has been reduced by $109 billion. And according to Wednesday, it’s $161 billion Bloomberg Billionaires Index.

Thus, Frenchman Bernard Arnault took the throne as the richest man in the world with an estimated fortune of $172 billion. He controls the French group LVMH, which is behind luxury brands such as Hennessy, Dior, Louis Vuitton, Dom Perignon and Hublot.