Elon Musk unloads Tesla shares for over $10 billion

Elon Musk’s banal selling spree continues. 

The world’s wealthiest antheral sold 934,000 Tesla shares worthy much than $1 cardinal connected Thursday, according to securities filings.

That brings the full worth of dumped shares over the past month to much than $10 billion.

The sell-off comes aft Musk — who is worthy an estimated $284 cardinal — tweeted successful November that helium planned to merchantability 10 percent of his stock successful the electrical car company.

The income are perchance portion of a program to screen a monolithic national taxation measure of astir $11 cardinal triggered by Musk exercising Tesla banal options. 

Tesla banal terms has declined 10.7 percent implicit the past period during Musk’s selling spree. Some investors person said that Musk’s income are putting unit connected the company’s sky-high shares, which are a favourite among retail investors and are inactive up astir 50 percent since the opening of 2021. 

Musk besides said Thursday that helium plans to workout options allowing him to bargain 2.1 cardinal further Tesla shares.

Tesla shares person declined much than 10 percent implicit the past month.EPA

The mogul, who arsenic the CEO of some Tesla and SpaceX, has tussled with lawmakers successful DC implicit projected taxation hikes connected the rich. 

In November, aft Musk had already sold much than $6 cardinal successful Tesla shares, helium mocked Sen. Bernie Sanders connected Twitter.

Musk has tussled with lawmakers who privation to rise taxes connected the rich. AP

“We indispensable request that the highly affluent wage their just share. Period,” the Vermont autarkic tweeted. 

“I support forgetting that you’re inactive alive,” replied the mogul. 

“Want maine to merchantability much stock, Bernie? Just accidental the connection …” Musk added.