Tesla investors appear concerned that Musk's Twitter ownership is an operational and financial distraction.
Tesla Inc. Chief Executive Elon Musk just sold nearly $3.6 billion more of the company’s stock, according to a filing with the Securities and Exchange Commission released late Wednesday.
Musk sold just under 22 million shares worth $3.58 billion in aggregate from Dec. 12 to Dec. 14, the latest filing shows. Tesla shares TSLA fell in all three of those trading sessions, dropping 12.4% in total over the three-day stretch to finish Wednesday at $156.80. Musk kicked in some of his own money for the Twitter deal, though he also received debt commitments from Morgan Stanley and other partners.
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