Musk Sells Tesla Shares Worth $3.5 Billion

Musk Sells Tesla Shares Worth $3.5 Billion

Tesla Inc. is one of the most talked about companies in the United States (U.S.) across all news items in the last 12 hours, according to Factiva data. Elon Musk sold more than $3.5 billion worth of Tesla stock this week in his second round of sales since buying Twitter Inc.

Musk sold nearly 22 million shares over a three-day period ending Dec. 14, according to a regulatory disclosure. RBC Capital lowered its Tesla price target to $225 from $325. Tesla shares were recently up 0.7% to $157.87. # Musk Sells Tesla Shares Worth $3.5 Billion

>>>Bitcoin Jumps after Elon Musk Says Tesla May Resume Buying

Previous articleNGX Daily Gain Spikes as Inflation Fears Worsen
Next articleNaira Enters Devaluation Hotpot over Rising FX Demand
MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.