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Tesla CEO Elon Musk sold over 20 million shares of the company’s stock. According to a regulatory filing, the sale is worth approximately $3.5 billion. Musk’s latest stock dump follows the nearly $4 billion worth of shares he sold last month.
Musk has not stated publicly why he is selling shares this time, nor has he stated whether he is finished for the day. In April, Musk sold $8.5 billion in Tesla stock, and in August, he sold another $7 billion. Musk now owns roughly $66 billion in Tesla stock following Wednesday’s share sale.
