Tesla CEO Elon Musk has sold another $3.6 billion in Tesla stock according to a Wednesday filing,
This brings the value of Musk’s total selling over the past year to nearly $40 billion.
A U.S securities filing showed Musk sold 22 million shares in the world’s most valuable carmaker over three days from Monday to Wednesday.
The latest share sale comes a month after Musk sold shares worth $4 billion in the days after he closed the $44 billion Twitter deal.
Musk’s now holds about 13.4% stake in Tesla down from about 17% a year ago, according to Refinitiv data.
Tesla’s stockprice has halved this year, underperforming the broader tech-heavy Nasdaq (.IXIC), which is down about 30% this year.
Besides Tesla and Twitter, Musk also heads rocket company SpaceX and Neuralink, a startup developing interfaces to connect the human brain to computers.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
