{"id":96115,"date":"2022-12-20T16:10:13","date_gmt":"2022-12-20T15:10:13","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=96115"},"modified":"2025-01-21T00:01:48","modified_gmt":"2025-01-20T23:01:48","slug":"elon-musk-sells-tesla-shares-for-3-6-billion","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/elon-musk-sells-tesla-shares-for-3-6-billion\/","title":{"rendered":"Elon Musk sells Tesla shares for $3.6 billion <img class=paid src=\/paid.png>"},"content":{"rendered":"<p>[vc_row njt-role=&#8221;people-in-the-roles&#8221; njt-role-user-roles=&#8221;administrator,editor,author,armember&#8221;][vc_column][vc_column_text]<\/p>\n<h4>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.<!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p>In the space of three days, the CEO of the smart car brand <strong>sold $3.6 billion worth of shares<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>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, .<\/p>\n<p>&nbsp;<\/p>\n<p>The total valuation of Tesla shares that the former world&#8217;s largest fortune has sold this year has thus reached <strong>$ 40 billion<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>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, <strong>his fortune would have shrunk by $110 trillion<\/strong> according to Bloomberg data.<\/p>\n<p>&nbsp;<\/p>\n<h2>Tesla&#8217;s stock at half-mast<\/h2>\n<p>&nbsp;<\/p>\n<p>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&#8217;s actions.<\/p>\n<p>&nbsp;<\/p>\n<p>&#8220;<em>This is not a good situation. I&#8217;ve talked to a lot of investors who own Tesla stock and they are absolutely furious with Elon,<\/em>&#8221; said Tony Sycamore, an analyst at Brokerage IG Markets.<\/p>\n<p>&nbsp;<\/p>\n<p>This year, <strong>Tesla&#8217;s stock price has fallen 50%<\/strong> as the brand has consistently underperformed, both on the Nasdaq and among automakers.<\/p>\n<p>&nbsp;<\/p>\n<p>Ross Gerber, a Tesla investor and staunch supporter of Elon Musk, however, tweeted that a buyout announcement should be made by Tesla &#8220;<em>to take advantage of the low stock price that Elon has created.<\/em>&#8221;<\/p>\n<p>&nbsp;<\/p>\n<p>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.<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt;<a href=\"https:\/\/luxus-plus.com\/en\/tesla-is-no-longer-the-favorite-brand-of-the-american-consumer\/\">Tesla is no longer the favorite brand of the American consumer<\/a><\/p>\n<div class=\"thb-post-title-bottom thb-post-share-style3\">\n<div class=\"thb-post-title-inline-author\"><\/div>\n<\/div>\n<div class=\"thb-post-title-bottom thb-post-share-style3\">\n<div class=\"thb-post-title-inline-author\"><\/div>\n<\/div>\n<p>Featured photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=&#8221;not-logged-in&#8221;][vc_column][vc_column_text]<\/p>\n<p>&nbsp;<\/p>\n<h4>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.<!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p>In the space of three days, the CEO of the smart car brand <strong>sold $3.6 billion worth of shares<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>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, .<\/p>\n<p>&nbsp;<\/p>\n<p>The total valuation of Tesla shares that the former world&#8217;s largest fortune has sold this year has thus reached <strong>$ 40 billion<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>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, <strong>his fortune would have shrunk by $110 trillion<\/strong> according to Bloomberg data.<\/p>\n<p>[&#8230;][\/vc_column_text][vc_cta h2=&#8221;This article is reserved for subscribers.&#8221; h2_font_container=&#8221;tag:h2|font_size:16|text_align:left&#8221; h2_use_theme_fonts=&#8221;yes&#8221; h4=&#8221;Subscribe now !&#8221; h4_font_container=&#8221;tag:h2|font_size:32|text_align:left|line_height:bas&#8221; h4_use_theme_fonts=&#8221;yes&#8221; txt_align=&#8221;center&#8221; color=&#8221;black&#8221; add_button=&#8221;right&#8221; btn_title=&#8221;I SUBSCRIBE !&#8221; btn_color=&#8221;danger&#8221; btn_size=&#8221;lg&#8221; btn_align=&#8221;center&#8221; use_custom_fonts_h2=&#8221;true&#8221; use_custom_fonts_h4=&#8221;true&#8221; btn_button_block=&#8221;true&#8221; btn_custom_onclick=&#8221;true&#8221; btn_link=&#8221;url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F&#8221;]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters&#8230;<\/p>\n<p>Already have an account ? <a href=\"https:\/\/luxus-plus.com\/mon-compte\/\"><b>Please log in<\/b><\/a><strong>.<\/strong>[\/vc_cta][vc_column_text]Featured photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=&#8221;people-in-the-roles&#8221; njt-role-user-roles=&#8221;subscriber,customer&#8221;][vc_column][vc_column_text]<\/p>\n<p>&nbsp;<\/p>\n<h4>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.<!--more--><\/h4>\n<p>&nbsp;<\/p>\n<p>In the space of three days, the CEO of the smart car brand <strong>sold $3.6 billion worth of shares<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>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, .<\/p>\n<p>&nbsp;<\/p>\n<p>The total valuation of Tesla shares that the former world&#8217;s largest fortune has sold this year has thus reached <strong>$ 40 billion<\/strong>.<\/p>\n<p>&nbsp;<\/p>\n<p>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, <strong>his fortune would have shrunk by $110 trillion<\/strong> according to Bloomberg data.<\/p>\n<p>[&#8230;][\/vc_column_text][vc_cta h2=&#8221;This article is reserved for subscribers.&#8221; h2_font_container=&#8221;tag:h2|font_size:16|text_align:left&#8221; h2_use_theme_fonts=&#8221;yes&#8221; h4=&#8221;Subscribe now !&#8221; h4_font_container=&#8221;tag:h2|font_size:32|text_align:left|line_height:bas&#8221; h4_use_theme_fonts=&#8221;yes&#8221; txt_align=&#8221;center&#8221; color=&#8221;black&#8221; add_button=&#8221;right&#8221; btn_title=&#8221;I SUBSCRIBE !&#8221; btn_color=&#8221;danger&#8221; btn_size=&#8221;lg&#8221; btn_align=&#8221;center&#8221; use_custom_fonts_h2=&#8221;true&#8221; use_custom_fonts_h4=&#8221;true&#8221; btn_button_block=&#8221;true&#8221; btn_custom_onclick=&#8221;true&#8221; btn_link=&#8221;url:https%3A%2F%2Fluxus-plus.com%2Fen%2Fsubscriptions-and-newsletter-special-offer-valid-until-september-30-2020-2-2%2F&#8221;]Get unlimited access to all articles and live a new reading experience, preview contents, exclusive newsletters&#8230;<\/p>\n<p>Already have an account ? <a href=\"https:\/\/luxus-plus.com\/mon-compte\/\"><b>Please log in<\/b><\/a><strong>.<\/strong>[\/vc_cta][vc_column_text]Featured photo : \u00a9 Press[\/vc_column_text][\/vc_column][\/vc_row][vc_row njt-role=&#8221;people-in-the-roles&#8221; njt-role-user-roles=&#8221;subscriber,customer&#8221;][vc_column][vc_column_text]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[vc_row njt-role=&#8221;people-in-the-roles&#8221; njt-role-user-roles=&#8221;administrator,editor,author,armember&#8221;][vc_column][vc_column_text] 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.<\/p>\n","protected":false},"author":1,"featured_media":96119,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"The Twitter buyout has prompted Elon Musk to offload a large portion of his Tesla shares on several occasions.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"both","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"Elon Musk,Twitter,Tesla,stockmarket,shares,economy,finance,wealth","footnotes":""},"categories":[24],"tags":[24275,23328,22419,23352],"class_list":["post-96115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-elon-musk-en","tag-great-fortunes","tag-news-en","tag-tesla-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/96115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=96115"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/96115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/96119"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=96115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=96115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=96115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}