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Tesla CEO Elon Musk sold over 20 million shares of the compan’s stock

Elon Musk, the CEO of Tesla, sold more than 20 million shares of the company’s equity. The sale is valued at about $3.5 billion, per a regulatory filing. Following the approximately $4 billion worth of shares he sold last month, Musk just dumped more stock.
Both the reason Musk is selling shares at this particular moment and whether he is done for the day have not been made public. Musk sold $8.5 billion in Tesla stock in April and another $7 billion in August. Following the share sale on Wednesday, Musk now holds nearly $66 billion in Tesla stock.

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