Sales campaign: Tesla shares light: Musk sells more Tesla shares for billions of dollars

According to a message to US stock exchange regulator SEC, currently the world’s richest man has sold about 934,000 shares at a value of US$1.02 billion (a good 900 million euros). This brings the Tesla boss closer to his goal of reducing his stake in Tesla to ten percent.

In early November, Musk agreed to sell one-tenth of his shares in the electric carmaker via a vote on the Twitter platform. Since then, he has silvered the shares in several transactions. With the latest sale, Musk has sold about 15.6 million shares so far for a total of $16.4 billion. Musk had Twitter users vote on whether he should part with ten percent of his Tesla shares to pay more taxes. To reach the targeted 10 percent, they would have to sell about 17 million shares. Musk is Tesla’s largest single shareholder. According to Bloomberg news agency calculations, his net worth currently stands at $278.9 billion, an increase of nearly 80 percent this year alone.

By the end of trading, shares of NASDAQ-listed Tesla fell 0.21 percent to $1,086.19.

/ NAS / STK

New York (DPA-AFX)