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Elon Musk sells yet another $3.58 billion of Tesla shares


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Illustration showing Elon Musk in profile, in front of Twitter logos with a dollar sign inserted in place of the bird’s eye. Money pit | Illustration by Laura Normand / The Verge

Elon Musk has sold another $3.5 billion in Tesla shares, according to a form filed with the Securities and Exchange Commission today. Since November 2021, the high point of Tesla’s share price, Musk has sold more than $39 billion of shares, The Wall Street Journal reports.

Musk last filed with the SEC about Tesla share sales in November, when he sold $3.4 billion. Before that, he sold $8.4 billion in April and $6.9 billion (nice) in August. He said he was done selling twice, once in April and once in August.

Musk has been running his social media site, Twitter, into the ground after closing the deal to acquire the company on Oct. 28th. Advertisers have fled the company, and in November, visits to Twitter’s ad manager fell 85 percent...

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