Elon Musk’s Tesla share sales approach the $40bn mark

The chaos at Twitter has been an overhang on Tesla, which is facing its own set of challenges.

Tesla’s market value also slumped below the half-trillion-dollar mark for the first time since November 2020. 

Elon Musk sold another $3.6bn (€3.4bn) worth of Tesla shares, bringing the total amount he’s offloaded since late last year to almost $40bn (€37bn).

The latest disposal of about 22 million shares this week coincided with Mr Musk falling from the top spot on the Bloomberg Billionaires Index, a position he’d occupied since September of last year.