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Tesla boss Elon Musk disclosed another $3.6 billion in stock sales on Wednesday, taking his total near $40 billion this year and frustrating investors as the company's shares wallow at two-year lows. A U.S. securities filing showed he unloaded 22 million shares in the world's most valuable carmaker over three days from Monday to Wednesday.
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It brings the total of Tesla stocks sold by Musk over the past year to almost $40B. He remains Tesla's biggest shareholder with a 13.4% stake, according to financial market data provider Refinitiv. Last month Musk revealed that he had sold 19.5 million shares of Tesla worth $3.95B, just days after completing a $44B takeover of social media platform Twitter.
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Tesla is one of the worst-performing stocks among major car makers and technology companies this year. Its shares have been under immense pressure the past few days, with numbers down nearly 13% since the start of the week.