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Tesla boss Musk: Worst course development among the major automakers
Photo: Beck Diefenbach / REUTERS
Twitter new owner and Tesla boss Elon Musk sold another large block of shares in the electric car manufacturer on Wednesday.
The Tesla shares in question would have a total value of $3.58 billion, according to a US stock exchange announcement.
Combined with the latest transaction, Musk sold almost $40 billion worth of shares in the electric car maker he co-founded last year.
However, the billionaire still owns 13.4 percent of the shares in the carmaker.
Tesla did not immediately respond to a Reuters after-hours request for comment.
Shares in Tesla, the world's most valuable automaker, have been among the worst-performing stocks among major automakers and tech companies this year.
Investors fear that Musk's involvement with Tesla could suffer from the takeover of the short message service.
His sympathy for politicians like Donald Trump, which has been repeatedly expressed and sometimes openly expressed in recent weeks, and his conspiracy theory insinuations have also severely damaged Tesla's image, at least in Europe.
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