A U.S securities filing showed Elon Musk unloaded 22 million Tesla shares over three days from Monday to Wednesday
Tesla boss Elon Musk disclosed another $3.6-billion in stock sales on Wednesday, taking his total near $40-billion this year and frustrating investors as the company’s shares wallow at two-year lows.
“It doesn’t put a lot of confidence in the business, or speak volumes for where his attention is at,” said Tony Sycamore, an analyst at brokerage IG Markets, where Tesla is a popular stock among small-time investors.shares and they’re absolutely furious at Elon.” Musk’s fortune, mostly tied up in Tesla shares, has fallen with prices this year and he briefly lost his title as the world’s richest person last week – according to Forbes – when he was overtaken by Louis Vuitton boss Bernard Arnault.
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