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The Guardian - UK
The Guardian - UK
Technology
Dan Milmo

Elon Musk sells new $3.6bn tranche of Tesla shares

Elon Musk Tesla Inc. Bernard Arnault Twitter Inc. SpaceX
a smiling elon musk wags his finger
Elon Musk has sold $23bn worth of Tesla shares so far this year, in part to finance his takeover of Twitter. Photograph: Reuters

Elon Musk has sold a further $3.6bn(£2.9bn) worth of shares in Tesla, in the same week that he lost the title of world’s richest man to France’s Bernard Arnault.

The disposal, revealed in a regulatory filing, takes the total amount raised by Musk from sales of his stock in the electric carmaker this year to more than $20bn.

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