That’s what Musk earned from his recent stock sale

That's what Musk earned from his recent stock sale

Tesla CEO Elon Musk has again sold nearly a million shares. It has brought Musk the total since his Twitter vote to more than $10 billion With the sale of your stock Obtain.

Tesla boss Elon Musk has again turned silver in his company’s shares. Emerging from mandatory notifications to the US Securities and Exchange Commission on Friday night, the entrepreneur sold about 934,000 papers for nearly US$1 billion.

This means Musk has sold nearly ten million Tesla shares worth about $11 billion (9.6 billion euros) since he agreed to sell part of his shares in the electric carmaker in a Twitter vote in early November.

Current Exchange Rate: Where is Tesla Stock Now?

Musk had Twitter users vote on whether he should part with 10 percent of his 17 percent Tesla stake in order to pay more taxes. To achieve this goal, Musk will have to sell more shares of Tesla. Musk is the company’s largest single shareholder.

The Tesla boss is considered to be the richest person in the world with an estimated net worth of around $285 billion. But its assets are largely based on equity stake, which is taxed only on sales.

READ  eMobility update: Production version of the Faraday Future FF 91, another Tesla plant in China, gets Fiat Electric
Written By
More from Thalia Vaughn
No Rahul Gandhi Meet up with, Claims Sachin Pilot Congress Appeals
Sachin Pilot has denied any go to sign up for the BJP...
Read More
Leave a comment

Your email address will not be published. Required fields are marked *