Tesla Stock overall are facing a bear market coinciding with many recent signs of economic downturn, and even Tesla’s shares
. These shares were split amongst the company’s exchange-traded funds, with 61,537 going to the flagship Ark Innovation ETF , 10,066 to the Ark Robotics ETF , and 3,259 to the Next Generation ETF ., coming just after Musk himself sold another sizable chunk of shares.
Musk sold 22 million Tesla shares worth around $3.6 billion, as seen in a Form 4 filing with the Securities and Exchange Commission. The shares were made in trades between December 12 and 14, with share prices ranging from $153 to $176 during that period. Although it’s speculative,notes that Musk likely made the sale to help with ongoing Twitter costs, and he’s been particularly vocal about themes surrounding debt in recent weeks.
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