Since the beginning of November, the price of Tesla’s securities on the stock exchange has fallen from $227 to $191 per share.
American businessman Elon Musk resold part of Tesla shares for a total of almost $ 4 billion. The Wall Street Journal reported this the other day, citing reports received by the electronic database of the US Securities and Exchange Commission (SEC).
It was found that Musk sold 19.5 million Tesla shares worth $ 3.95 billion between November 4 and 8 – a week after buying Twitter At the same time, this year he sold Tesla shares in total $19 billion.
Since the beginning of November, the price of Tesla securities on the stock exchange has fallen from $227 to $191 per share. Investors fear that Twitter’s acquisition is not paying enough attention to its electric vehicle business, as competition in this segment grows.
Earlier it was reported that the state of Elon Musk fell below $ 200 billion due to a reduction in the value of Tesla shares. He has lost $70 billion since he announced the Twitter purchase.
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Source: korrespondent
I am Dylan Hudson, a dedicated and experienced journalist in the news industry. I have been working for Buna Times, as an author since 2018. My expertise lies in covering sports sections of the website and providing readers with reliable information on current sporting events.