After the acquisition of $44 billion from Twitter, Elon Musk sold $3.95 billion worth of shares of Tesla Company.

According to SEC(Securities and Exchange Commission) report published on Tuesday, Elon Musk sold 19.5 million more shares of Tesla.

In 2021, Musk sold around $22 billion worth of Tesla shares. It was the same year when the stocks leapt over 50%.

In 2022, Elon Musk sold over $15 billion worth of shares of Tesla between April and August.

Since then, Tesla has issued a three-for-one stock split. It has brought the value of the share down.

Tesla stakes have gone down 46% this year. But still, according to Forbes, Elon Musk is the richest person in the world and has a net worth of around $200 billion.

During Tuesday's bidding, Musk sold each share at an average price of $202.56.

Shares of Tesla Inc. skated 2.93% to $191.30 Tuesday. And Tesla is now trading after hours at $191.30.