{"id":1775756,"date":"2022-12-15T07:26:51","date_gmt":"2022-12-15T12:26:51","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1775756"},"modified":"2022-12-15T07:34:21","modified_gmt":"2022-12-15T12:34:21","slug":"musk-sells-another-3-58b-worth-of-tesla-shares","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/musk-sells-another-3-58b-worth-of-tesla-shares\/","title":{"rendered":"Musk Sells Another $3.58B Worth of Tesla Shares"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fmusk-sells-another-3-58b-worth-of-tesla-shares%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1775756&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47-->\n<div class=\"featured featured-video video-ct\">\n<div class=\"contain\">\n<div class=\"info\">\n<div class=\"caption\">\n<p>Evolution VC Partners founder Gregg Smith discusses causes for the decline in Tesla stock and if crypto can recover from the FTX scandal on &#8216;Varney &#038; Co.&#8217;<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>Elon Musk has sold more of his Tesla shares.<\/p>\n<p>The Tesla chief executive sold 22 million shares worth $3.58 billion in the electric-vehicle maker, according to a regulatory filing.<\/p>\n<p>The sales took place between Monday and Wednesday this week.<\/p>\n<p>Musk has sold over $40 billion worth of shares in the past year, surrounded around his acquisition of Twitter.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/business-leaders\/elon-musk-sold-almost-4b-tesla-shares-in-twitter-takeover\" target=\"_blank\" rel=\"noopener\"><strong>ELON MUSK SOLD ALMOST $4B OF TESLA SHARES IN TWITTER TAKEOVER<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2020\/09\/931\/523\/Elon-Musk-tesla-battery.jpg?ve=1&#038;tl=1\" alt=\"Tesla\"   style=\"display:none\"><\/div>\n<div class=\"caption\">\n<p><span>\u00a0Elon Musk, Tesla CEO.<\/span><span> ((Photo by Yasin Ozturk\/Anadolu Agency via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p>The Tesla CEO went on a selling spree in April as he was lining up financing for <a href=\"https:\/\/www.foxbusiness.com\/category\/mergers-and-acquisitions\" target=\"_blank\" rel=\"noopener\"><u>his $44 billion purchase<\/u><\/a> of Twitter, which he had attempted to retreat from since July.<\/p>\n<p>Tesla&#8217;s CEO sold another 7.92 million shares in August, months after announcing he wasn&#8217;t going to sell any more shares.<\/p>\n<p>Musk ultimately completed the Twitter purchase in October.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/elon-musk-sells-nearly-7b-tesla-shares-twitter-legal-battle-rages-on\" target=\"_blank\" rel=\"noopener\"><strong>ELON MUSK SELLS NEARLY $7B IN TESLA SHARES AS TWITTER LEGAL BATTLE RAGES ON<\/strong><\/a><\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2022\/08\/931\/523\/tesla-shop.jpg?ve=1&#038;tl=1\" alt=\"Tesla salesroom\" \/><\/div>\n<div class=\"caption\">\n<p><span>Tesla logos displayed at showroom.<\/span><span> (AP Photo\/David Zalubowski \/ AP Newsroom)<\/span><\/p>\n<\/div>\n<\/div>\n<p>In the days following the takeover, the billionaire sold almost\u00a0$4 billion in Tesla stock.<\/p>\n<p><a href=\"https:\/\/www.foxbusiness.com\/category\/tesla\" target=\"_blank\" rel=\"noopener\"><u>Tesla&#8217;s shares<\/u><\/a> fell nearly 3% today and is roughly downr 60% year-to-date.\u00a0<\/p>\n<table class=\"stock-fundamentals\">\n<thead>\n<tr>\n<th class=\"ticker\">Ticker<\/th>\n<th class=\"security\">Security<\/th>\n<th class=\"last\">Last<\/th>\n<th class=\"change\">Change<\/th>\n<th class=\"percent\">Change %<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td class=\"ticker\"><a href=\"https:\/\/www.foxbusiness.com\/quote?stockTicker=TSLA\">TSLA<\/a><\/td>\n<td class=\"security\">TESLA INC.<\/td>\n<td class=\"last\">156.80<\/td>\n<td class=\"change neg\">-4.15<\/td>\n<td class=\"percent neg\">-2.58%<\/td>\n<\/tr>\n<tr><\/tr>\n<\/tbody>\n<\/table>\n<p>It was reported this week that Musk no longer has title of the world\u2019s richest person.<\/p>\n<div class=\"inline image-ct\">\n<div class=\"m\"><source media=\"(max-width: 767px)\" \/><source media=\"(min-width: 768px) and (max-width: 1023px)\" \/><source media=\"(min-width: 1024px) and (max-width: 1279px)\" \/><source media=\"(min-width: 1280px)\" \/><img decoding=\"async\" src=\"https:\/\/a57.foxnews.com\/static.foxbusiness.com\/foxbusiness.com\/content\/uploads\/2020\/05\/931\/523\/Elon-Musk-Tesla-Buffalo-plant-Getty-Elon-Musk.png?ve=1&#038;tl=1\" alt=\"Elon Musk and Tesla&#039;s factory\" \/><\/div>\n<div class=\"caption\">\n<p><span>Tesla CEO Elon Musk and the company&#8217;s car plant in Fremont, California.<\/span><span> (\u00a0Andrew Harrer\/Bloomberg via Getty Images \/ Getty Images)<\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.foxbusiness.com\/markets\/elon-musk-makes-promise-tesla-shareholders-twitter\" target=\"_blank\" rel=\"noopener\"><strong>ELON MUSK MAKES PROMISE TO TESLA SHAREHOLDERS ABOUT TWITTER<\/strong><\/a><\/p>\n<p>On Forbes\u2019 <a href=\"https:\/\/www.forbes.com\/real-time-billionaires\/#46a3c8b93d78\" target=\"_blank\" rel=\"nofollow noopener\"><u>real-time billionaires list<\/u><\/a>, Musk currently holds the No. 2 spot behind Bernard Arnault, the CEO of French luxury giant LVMH.<\/p>\n<p><i>Reuters contributed to this report.<\/i><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Evolution VC Partners founder Gregg Smith discusses causes for the decline in Tesla stock and if crypto can recover from the FTX scandal on &#8216;Varney &#038; Co.&#8217;<\/p>\n","protected":false},"author":1,"featured_media":1775759,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[9188,5458,4250,3819,9187,4790,6734,5502],"class_list":["post-1775756","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-3-58b","tag-bongino","tag-musk","tag-report","tag-sells","tag-shares","tag-tesla","tag-worth"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1775756","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1775756"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1775756\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1775759"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1775756"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1775756"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1775756"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}