Musk sells Tesla shares worth $8.5 bln, says no more sales planned - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Musk said in a tweet on Thursday that there are “no further TSLA sales planned after today”. He sold about 9.6 million shares this week, according to the filings on Thursday and Friday, equating to 5.6% of his stake in the company.

Musk has been looking for partners to reduce his equity contribution to the deal, a person familiar with the matter told Reuters, adding that it is far from certain such a partner will emerge. Musk said on Twitter that he would pay more than $11 billion in taxes in 2021 due to his exercise of stock options set to expire this year.

He will be selling a lot more to finance his vanity project

Energy Energy Latest News, Energy Energy Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Elon Musk ends week with Tesla stock sales of $8.5bnMusk has now disposed of more than $24bn worth of stock in the electric-car maker during the last six months I never believed bitcoin was real until I was introduced into by julianna_wallet I started with R15,000 now I'm making R67,456.67 every week I'm really grateful 🙏🙏
Source: BDliveSA - 🏆 12. / 63 Read more »

Musk sells $8.4 bn in Tesla shares after Twitter dealTesla chief Elon Musk sold about $8.4 billion worth of shares in the electric carmaker in the days after Twitter's board agreed to his $44 billion takeover offer, according to US securities filings. He does not have savings besides shares? He does not have savings besides shares?
Source: ewnupdates - 🏆 30. / 53 Read more »