Elon Musk sells $3.95 billion worth of Tesla stock

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Elon Musk sells $3.95 billion worth of Tesla stock
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The world’s richest man has seen his wealth tumble 48% from $340 billion a year ago to below $200 billion today.

| The Associated Press

Musk, who bought Twitter for $44 billion, sold 19.5 million shares of the electric car company from Nov. 4 to Nov. 8, according to Tuesday’s filings with the Securities and Exchange Commission. The takeover of Twitter has not been smooth and the social media platform has seen the exodus of some big advertisers in recent weeks in including United Airlines, General Motors, REI, General Mills and Audi.

Musk had signaled that he was done selling Tesla shares and the revelation that those sales continue left some industry analysts exasperated.

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