Shortly after roughly last week, Elon Musk, the company’s CEO, sold another $930 million worth of stock over $930,000 Monday, according to Tesla Shares. euronews.
Musk sold Tesla shares worth about $5 billion a few days after a Twitter poll last week. He had previously asked his 63 million Twitter followers if he was selling his 10 percent stake in Tesla. The majority answered yes to the question.
“There has been a lot of talk lately about unrealized gains as a way to avoid taxes, so my suggestion is to sell 10 percent of my shares in Tesla,” wrote Musk, who also noted that he does not receive a salary or bonus from Tesla, he only owns shares. “So the only way I can pay taxes in person is to sell the shares,” he wrote.
According to documents filed with the US Stock Exchange, Musk first sold 3.6 million shares of Tesla stock worth about $4 billion, then exercised his 2.2 million stock option and sold another million for about $1.1 billion. Then almost now another. It sold 930 thousand shares, valued at about $930 million (about HUF 299 billion).
The documents also revealed that Musk had been planning to sell some of his shares for some time. About a fifth of the shares were sold based on a pre-agreed trading plan drawn up in September, but she did not plan to sell the rest of the shares so in advance. This was the first stock sale since 2016.
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