Elon Musk Sold Tesla Shares Before Company Acknowledged Weakness

Elon Musk sold nearly $3.6 billion of Tesla shares a few weeks before the company said vehicle deliveries were significantly below the company’s guidance

The stock tumbled after the CEO’s sale and fell further on the electric-car maker’s deliveries report

Tesla closed its worst year in its stock’s history, shedding about $675 billion in market valuation in 2022—the same year CEO Elon Musk bought Twitter. But reasons for the selloff go well beyond the social-media company. WSJ’s Sean McLain explains. Photo illustration: Amber Bragdon/Getty ImagesLate last year, after a wave of news reports pointing to sagging demand for his company’s vehicles, Tesla Inc.

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