cashed in another $3.6 billion of Tesla stock this week
. The sales cut his Tesla stake to about 13.4%. Musk this year has already disposed of billions of dollars worth of Tesla shares to help finance his $44 billion purchase of Twitter which closed in October. Tesla stock has plunged about 55% in 2022, partially stemming from some investors seeing Musk's attention on the social media site as aMusk has changed the narrative of Tesla from a story of fundamental EV transformation to a"source of funds" for managing Twitter, said Ives. Musk obtained billions of dollars worth of
to aid in purchasing Twitter, loans which need interest payments and are on Twitter's balance sheet.
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