Money
Elon Musk sells some Tesla shares following Twitter poll
Billionaire Elon Musk has made a bold move to sell some of his shares in Tesla, just days after launching a very expensive Twitter poll
Tesla CEO Elon Musk has sold $1.1 billion worth of stock options in the electric car maker after he held a vote on his Twitter asking followers whether or not he should get rid of the shares.
According to Bloomberg, Musk has exercised the options at a price of $6.24 US dollars into a regulatory filing on Wednesday.
The filing says “the shares of common stock were sold solely to satisfy the reporting persons tax withholding obligations”.
Tesla stocks closed Wednesday at just over $1,067 USD.
It’s the billionaire’s first sale since 2016 when he last exercised stock options and liquidated some shares.