Elon Musk sold other shares in Tesla Inc. for $ 528 million, which means it has now covered three-quarters of the way to fulfilling its commitment to sell 10 percent of its stake in the electric vehicle company.
Musk went on to sell shares in Tesla following a Twitter poll asking his followers last November if they should sell a portion of their stake.
The billionaire has sold a total of about 13.5 million shares for a total of $ 14.1 billion, according to notifications to regulators. It will have to sell a total of 17 million shares to cover 10% of its stake in the company, as long as its commitment does not include the exercise of options.
Tesla shares have fallen about 25% from a record high in early November, shortly before Musk’s online Twitter poll in which he said “yes”.
Musk is the richest man in the world, according to the Bloomberg Billionaires index, with his fortune reaching 244.9 billion dollars. In a post on Twitter on Sunday night, he announced that he will have to pay more than 11 billion. USD in taxes this year.
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Source From: Capital
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