Elon Musk sells more Tesla shares.. know the details

Elon Musk sells more Tesla shares.. know the details
Elon Musk sells more Tesla shares.. know the details

Recent filings show that Tesla Inc chief Elon Musk has sold another batch of company stock worth about $700 million, as the billionaire benefits from a sudden surge that has sent the electric car maker’s value up to more than $1 trillion. Shares mega this week just days after the world’s richest person and chief Tesla shareholder tweeted that he would sell 10% of his shares if users of the social media platform agreed to the move.

Musk revealed the sale of additional shares, valued at about $687 million, in regulatory filings after offloading about $5 billion of shares earlier in the week. Friday.

In the first round of the sale, filings showed that Musk’s trust had offloaded nearly 3.6 million shares worth about $4 billion. , huge by capital market standards, and bigger than most companies’ initial public offerings.

And by getting Twitter users to agree to the move, he also avoided speculation about cashing out because Teslas valuation became frothy after its shares hit record levels, but it should be noted that prior to the sale, Musk owned a stake of about 23% in Tesla, including stock options.

These were the details of the news Elon Musk sells more Tesla shares.. know the details for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.

It is also worth noting that the original news has been published and is available at eg24.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.

Author Information

I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]