Billionaire Elon Musk has sold more shares of the electric car manufacturer, this time 22 million worth $3.58 billion.
Evolution VC Partners founder Gregg Smith discusses causes for the decline in Tesla stock and if crypto can recover from the FTX scandal on 'Varney & Co.'The Tesla chief executive sold 22 million shares worth $3.58 billion in the electric-vehicle maker, according to a regulatory filing.
Musk has sold over $40 billion worth of shares in the past year, surrounded around his acquisition of Twitter.The Tesla CEO went on a selling spree in April as he was lining up financing forTesla's CEO sold another 7.92 million shares in August, months after announcing he wasn't going to sell any more shares.In the days following the takeover, the billionaire sold almost $4 billion in Tesla stock.
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