Market Analysis
Elon Musk Has Sold $20B Worth of Tesla Shares Since Investing in Twitter
Elon Musk has sold another 19.5 million of his Tesla shares in a recent transaction worth $3.95 billion.
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USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Tesla's stock is down in premarket trading as the carmaker is reportedly planning to cut output at its Shanghai plant amid weaker demand.
Elon Musk has sold another 19.5 million of his Tesla shares in a recent transaction worth $3.95 billion.
Experts believe Elon Musk might be trying to buy Twitter at a lower price as his Tesla shares continue to depreciate.
Retail investors gave little weight to Elon Musk's decision of unloading shares. Instead they bought the dip.