After Twitter vote: Musk silvered more Tesla shares

After a spectacular Twitter vote, Tesla boss Elon Musk continues to monetize his company’s shares on a large scale. The star entrepreneur recently sold around 934,000 more papers for around 1.05 billion US dollars, as emerged from mandatory notifications to the US exchange regulator on Wednesday night.

This means that Musk has sold 9.2 million Tesla shares worth around 9.9 billion dollars (8.8 billion euros) since he sold ten percent of his stake in a Twitter vote two and a half weeks ago at the electric car maker.

Only half of the promised sales

To achieve this goal, Musk has to sell significantly more Tesla shares – so far, according to calculations by the financial service Bloomberg, he has made a little more than half of the promised sales. Musk is Tesla’s largest single shareholder.

Musk started the Twitter vote against the backdrop of a multi-billion dollar tax avoidance debate. The Tesla boss is considered the richest person in the world with an estimated fortune of around 300 billion dollars. But its wealth is largely based on equity stakes, which are only taxed upon sale. (dpa / swi)

Also read:

On our own behalf: The Tesla principle

Tesla boss sells shares: Musk sells shares valued at $ 8.8 billion

After Musk’s sale: Tesla’s stock market value drops

From the data center:

Tesla share price survey

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Lenny Li

I started to play with tech since middle school. Smart phones, laptops and gadgets are all about my life. Besides, I am also a big fan of Star War. May the force be with you!

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