Elon Musk sells $3.58 billion worth of Tesla stock, purpose unknown

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Elon Musk sells $3.58 billion worth of Tesla stock, purpose unknown
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The sale comes as shares of the electric vehicle and solar panel maker have collapsed, losing over half their value since Musk first disclosed in April that he was buying up Twitter stock.

The falling shares have bumped Musk from his status as the world’s wealthiest person, with his net worth falling to $174 billion, according to Forbes. He was passed last week by French fashion and cosmetics magnate Bernard Arnault.

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