Elon Musk sells $3.58B worth of Tesla stock, purpose unknown

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Elon Musk sells $3.58B worth of Tesla stock, purpose unknown
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Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn’t clear where the proceeds were being spent. He sold the shares from Monday through Wednesday, according to a filing posted by the U.S. Securities and Exchange Commission.

Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn’t clear where the proceeds were being spent.Tesla CEO Elon Musk this week sold another $3.58 billion of his stock in the company. The reason for the sale wasn't immediately known

The Tesla CEO, and new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the U.S. Securities and Exchange Commission. The sale comes as shares of the electric vehicle and solar panel maker have collapsed, losing over half their value since Musk first disclosed in April that he was buying up Twitter stock.

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