Tesla CEO Elon Musk sold more than $6.9 billion worth of shares in the electric carmaker this week, according to regulatory filings released 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. His massive disposal hit Tesla's share price, which slumped…Tesla CEO Elon Musk sold more than $6.9 billion worth of shares in the electric carmaker this week, according to regulatory filings released Friday.
Musk’s selloff came days after he created a Twitter poll — in which millions voted — asking whether he should sell 10 percent of his huge stake in the electric carmaker. In the poll, almost 58 percent of the 3.5 million votes cast were in favor of him proceeding with the sale.The stock Musk disposed of this week was sold at a significantly lower share price than if he had sold before his tweet.
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Elon Musk offloads $5 bn in Tesla shares days after Twitter poll | The Guardian Nigeria News - Nigeria and World NewsTesla CEO Elon Musk has offloaded company shares worth $5 billion, days after setting off a Twitter poll -- in which millions voted -- asking whether he should sell 10 percent of his huge stake in the electric carmaker. Don't believe the hype! He made it into a game, but actually he owes the IRS billions of dollars for Options that are expiring soon! He had to sell! no matter what his followers voted! Musk
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Elon Musk offloads $5 bn in Tesla shares days after Twitter poll | The Guardian Nigeria News - Nigeria and World NewsTesla CEO Elon Musk has offloaded company shares worth $5 billion, days after setting off a Twitter poll -- in which millions voted -- asking whether he should sell 10 percent of his huge stake in the electric carmaker. Don't believe the hype! He made it into a game, but actually he owes the IRS billions of dollars for Options that are expiring soon! He had to sell! no matter what his followers voted! Musk
Source: GuardianNigeria - 🏆 1. / 94 Read more »