Elon Musk: “I Have Sold Enough Shares”

Elon Musk: “I Have Sold Enough Shares”

Elon Musk, CEO of Tesla Inc (NASDAQ:TSLA), said he has already sold “enough shares” to achieve his plan to divest 10% of his stake at the most valuable automotive company in the world. The billionaire also claimed he will have to pay a record $11 billion tax bill.

Elon Musk: “I Have Sold Enough Shares” – Valuewalk

Q3 2021 hedge fund letters, conferences and more

“Enough”

As reported by Fox Business, Elon Musk sold a further 583,611 shares on Tuesday, taking the total count to 13.5 million —which accounts for 80% of the total he plans to shed. Out of the total so far, 8.06 million were sold to pay taxes in relation to the exercise of his options.

The sequence of moves was entangled with a Twitter poll the automotive mogul started in November, asking his followers whether selling 10% of his Tesla stake was a good idea…

Continue reading

Leave a Reply

Your email address will not be published. Required fields are marked *