NEW YORK - Tesla CEO Elon Musk sold more than $6.9 billion worth of shares in the electric carmaker this week, according to regulatory filings released on Friday.
The 50-year-old South African billionaire sold more than 5.1 million Tesla shares, of which about 4.2 million were held in a trust.Tesla last month became the latest US tech giant to hit $1 trillion in market value. Musk's selloff came days after he created a Twitter poll, in which millions voted, asking whether he should sell 10% of his huge stake in the electric carmaker.
On Saturday, Musk tweeted: "Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock. Do you support this?" Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
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