Elon Musk sells another massive amount of Tesla stock.
By The Exchange Team
Based on a Wednesday night financial statement, Tesla CEO Elon Musk sold 22 million more shares worth $3.6 billion.
According to SEC records, the trades occurred Monday through Wednesday this week.
Musk told his millions of social media followers earlier this year that he had "no further TSLA sales planned" after April 28.
Musk has sold 94,202,321 shares this year at an average price of $243.46 per share for pretax revenues of $22.93B, as per VerityData.
He did, however, continue to sell portions of his sizable Tesla holdings after agreeing to buy Twitter for $44 billion.
Acquisition closed late October. Musk, who also runs SpaceX, a defence contractor, took over the social networking company.
Musk told Tesla employees after his Twitter takeover that he sold Tesla shares to "save" their company.