Elon Musk, CEO of Tesla Inc, sold 22 million shares worth $3.58 billion in the electric-vehicle maker, according to a U.S. securities filing on Wednesday.
The latest sale brings Musk’s total Tesla stock sales over the last year to nearly $40 billion.
Outside of business hours, Tesla did not immediately respond to a Reuters request for comment.
Tesla, the world’s most valuable carmaker, has been one of the worst performing stocks among major automakers and tech companies this year, as investors fear Musk’s acquisition of Twitter will divert his attention away from Tesla.
According to the filing, Musk sold shares over three days between Monday and Wednesday.
