Tesla CEO Elon Musk sold another 22 million shares for $3.6 billion on Dec. 14, bringing the total to $40 million worth of shares sold since he made the $44 million announcement on Dec. 20.
Despite the success of the new plan, Musk remains bullish on the future of the company, while acknowledging that he still needs to build a strong image of his Tesla-branded company, which he considers a company that will be driven by profit, even if the company is only profitable on a small scale.
But if he fails to keep the CEO’s hand in the sand for any one period, Musk is likely to succeed in taking Tesla down for the future.
The Musk-led company is expected to launch a new model next year, which is something that few have ever seen before. The company is also said to need to scale up its corporate operations, with more of its shares being sold in a more controlled environment.
But the $40 million plan is only the latest in a series of recent announcements about the Tesla-owned company, which should go down as the biggest investor in the tech space.