Elon Musk, who misplaced his No. 1 spot on Bloomberg’s rating of the world’s richest individuals this week, unloaded Tesla inventory for the fourth time this yr.

Tesla’s CEO bought nearly 22 million shares for $3.58 billion, a submitting confirmed late Wednesday within the U.S. The transactions occurred between Dec. 12 and Dec. 14.

Tesla shares have plunged 55 % this yr as buyers develop more and more involved about Musk’s $44 billion buy of Twitter, including to worries about rising rates of interest that make automobiles dearer for customers and demand points in China, Tesla’s largest market after the U.S.

Over the weekend, Musk — who is keen to stoke engagement on the social-media platform he now owns — attacked a former Twitter govt and tweeted out conspiracy theories which have alarmed even his most long-time followers.

Musk tried for months to get out of the Twitter deal however failed. To lift sufficient money for the acquisition, he offloaded greater than $15 billion in Tesla shares — about $8.5 billion in April, then one other $6.9 billion in August.

In November, after vowing he was completed promoting, he unloaded one other $3.95 billion of his stake.

Twitter has massive new payments to pay.

Musk used important quantities of borrowed cash that now sits on Twitter’s steadiness sheet to assist finance the acquisition. Twitter’s debt load has jumped to about $13 billion, up from $1.7 billion pre-deal, together with different sorts of bonds that could possibly be transformed into inventory.

Twitter now faces annual curiosity funds approaching $1.2 billion — which may get much more costly provided that the rates of interest on about half of that debt will not be locked in and can rise with the market.

“Vulnerable to stating apparent, watch out for debt in turbulent macroeconomic circumstances, particularly when Fed retains elevating charges,” Musk tweeted this week.

Musk’s latest gross sales shrink his stake within the firm to roughly 13 %, in accordance with Bloomberg information.

Musk, who has been Tesla’s CEO since 2008, continues to be the biggest shareholder.

As of Wednesday’s shut, he was value $160.9 billion, rating No. 2 on the Bloomberg Billionaires Index after France’s Bernard Arnault.

His fortune has dropped by $109.4 billion this yr.