Tesla CEO Elon Musk sold another 22 million shares for $3.6 billion on Dec. 14, bringing the total to $40 million worth of shares sold since he made the $44M loss.
The company’s top executive and his son, Matt, have both lost more than double their total shares.
But Tesla’s chief executive Musk did not reveal his total stake.
He said that he will sell more shares so he can get more money back from his father but will still manage to keep about $7,000 a share.
“I will tell you this, I don’t think I’m going to let any of those guys down, but I will give my son a big share of the money,” Musk told Yahoo Finance at the time.
The new Tesla CEO was born in Hong Kong and spent about $11 million to keep his father company afloat.
Tesla CEO Elon Musk said a “fairly good” situation was expected to have the company’s stock up by the end of the year.
The company’s stock price is now closing at $30.85 on Dec. 28.The information provided herein is based on data from this report. The data available from this report is for the purposes of data validation for the purposes of replication by other scientific publications. The data available on the data processing platform for this publication are from the “Data Management System for the Life Sciences” operated by the U.S. National Institutes of Health (NIH), and are analyzed in the context of this report.