Multi-billionaire Elon Musk has sold another 22 million shares, worth $3.58bn , in the electric car maker Tesla.according to a filing with a US financial regulatorEarlier this week Mr Musk lost his position as the world's richest person.He remains Tesla's biggest shareholder with a 13.4% stake, according to financial market data provider Refinitiv.
On Wednesday the value of Tesla shares listed on the technology-heavy Nasdaq index in New York closed below $500bn for the first time since 2020. Mr Musk completed the takeover of Twitter in October and since then has focused a significant amount of his time on the business. The Twitter deal was only completed after months of legal wrangling, and some have cited the distraction of the takeover as another factor behind Tesla's share price fall.
Tesla shareholders certainly loving his foray into social media
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