Elon Musk sells new $3.6bn tranche of Tesla shares

Elon Musk sells new $3.6bn tranche of Tesla shares

Latest selloff takes total sale this year to $23bn and follows loss of world’s richest man title

Elon Musk has sold a further $3.6bn(£2.9bn) worth of shares in Tesla, in the same week that he lost the title of world’s richest man to France’s Bernard Arnault.

The disposal, revealed in a regulatory filing, takes the total amount raised by Musk from sales of his stock in the electric carmaker this year to more than $20bn.

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