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Elon Musk offloads another $3.6 billion of Tesla stock

Tesla’s share price is down 61% since start of 2022, trailing rivals Ford and GM.



Enlarge (credit: Getty Images | San Francisco Chronicle/Hearst Newspapers)

Elon Musk has offloaded another tranche of Tesla stock, worth almost $3.6 billion, in a move that risks further irritating already frustrated shareholders in the electric vehicle group.

The billionaire, who took over the social media company in October, has sold four tranches of shares worth a total of almost $23 billion since announcing his takeover of Twitter.

It is the third sale since declaring in April there would be “no further TSLA sales” to support the deal.

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