Elon Musk has sold nearly $40 billion of Tesla stock in under 14 months. That figure dwarfs the automaker's profits and rivals its underlying value.

Dec 16 2022 by Business Insider

 
Elon Musk.

Reuters

Elon Musk has disposed of almost $40 billion of Tesla stock in under 14 months. That figure vastly exceeds Tesla's $9 billion of net income in the nine months to September. Musk appears to have sold Tesla shares to cover tax bills, buy Twitter, and service debts.

Following his sales this week, Elon Musk has now cashed in nearly $40 billion of Tesla stock since November 2021. That figure dwarfs his electric-vehicle company's profits and is pretty close to the underlying value...

Continue Reading Elon Musk has sold nearly $40 billion of Tesla stock in under 14 months. That figure dwarfs the automaker's profits and rivals its underlying value.