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Evening Standard
Evening Standard
Business
Simon Hunt

Elon Musk sells $3.6 billion Tesla shares after wealth drops $109 billion since January

Elon Musk Tesla Inc. Twitter Inc.
File photo dated 31-10-2013 of Elon Musk who has admitted a tweet about buying Manchester United was part of a �long-running joke.�. Issue date: Wednesday August 17, 2022. (Picture: PA Wire)

Elon Musk has sold another big tranche of Tesla shares for the fourth time in a row in 2022 as the billionaire has seen his wealth plummet over $109 billion since January,

The Tesla boss sold about $3.6 billion in Tesla shares earlier this week, regulatory filings published this morning show, taking the total sold this year to almost $40 billion. Musk’s share of Tesla is now down to 13.4%.

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