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Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.

by Chrys Hendricks

November 9, 2022

in Business

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Investors were waiting for stock sales from Tesla CEO Elon Musk, guessing he needed to sell more shares to finish his Twitter purchase. He sold more stock, but it happened after the Twitter deal closed.

Musk disclosed the sale of 19.5 million shares of

Tesla

(ticker: TSLA), or about $3.95 billion of it, in 38 separate transactions on Nov. 4, 7 and 8. He has been selling stock for the past three days, according to disclosure filings that posted on Tuesday.

Chrys Hendricks

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Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.

Short seller Jim Chanos rolls his eyes at AI hype as Nvidia signals it may sell new shares to eager investors

Buy Ford Stock, Analyst Says. The Gap Is an Opportunity.

Chrys Hendricks

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Elon Musk Sold $4 Billion More Worth of Tesla Stock. The Timing Is Odd.

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