Tesla Inc (NASDAQ:TSLA) CEO Elon Musk sold nearly $3.6 billion worth of shares in the electric vehicle maker on Wednesday,
The billionaire sold 22 million shares of Tesla, according to the filing. The latest sale means that Musk has now sold almost $40 billion worth of the automaker’s stock over the past year.
Tesla is looking forward to drilling for new water sources to supply an expansion of its electric vehicle plant near Berlin, reported Reuters citing local authorities and the water association. This is the latest move by the EV-maker to jump-start German bureaucracy, the report said.
Tesla shares dropped 2.8% to $152.35 in pre-market trading.
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Let’s have a look at how Benzinga’s most-accurate analysts have rated the EV maker in the recent period.
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