Elon Musk sells 22 million shares of Tesla for $3.6 billion

Elon Musk, CEO of Tesla Inc, sold about 22 million additional shares in the electric car company, valued at about $3.6 billion, according to a financial report released on Wednesday. The deals are between Monday and Wednesday this week, according to filings with the Commission. Securities and stock exchanges

Earlier this year, Musk told his millions of followers on social media that he “doesn’t plan any more Tesla stock sales” after April 28, as reported by CNBC.

According to the financial research company VerityData, Elon Musk has sold 94 million and 200 thousand shares so far this year, at an average price of $ 243.46 per share, compared to pre-tax revenues of about $ 22.93 billion.

Tesla shares closed down 2.6% Wednesday, December 14, at $156.80, which reduced the company’s market capitalization to $495 billion.

It is noteworthy that Tesla shares have fallen by 55% since the beginning of the year, as of Wednesday’s closing.