{"id":16175,"date":"2021-11-11T08:49:31","date_gmt":"2021-11-11T08:49:31","guid":{"rendered":"https:\/\/errante.net\/?p=16175"},"modified":"2021-11-11T08:49:31","modified_gmt":"2021-11-11T08:49:31","slug":"elon-musk-sells-5-billion-in-tesla-shares","status":"publish","type":"post","link":"https:\/\/errante.net\/it\/elon-musk-sells-5-billion-in-tesla-shares\/","title":{"rendered":"Elon Musk Sells $5 Billion in Tesla Shares"},"content":{"rendered":"\n

Tesla (TSLA.O) Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.<\/p>\n\n\n\n

Tesla<\/a> is the world’s most valuable carmaker, with a stock market valuation of more than $1tn.<\/p>\n\n\n\n

In his first share sale since 2016, Musk’s trust sold nearly 3.6 million shares in Tesla, worth around $4 billion, while he also sold another 934,000 shares for $1.1 billion after exercising options to acquire nearly 2.2 million shares.<\/p>\n\n\n\n

The 4.5 million shares equate to about 3% of his total holdings in the electric vehicle manufacturer, which makes up the vast part of his estimated $281.6 billion fortune, according to Forbes.<\/p>\n\n\n\n

Musk on Saturday polled Twitter users about selling 10% of his stake<\/a>, helping to push down Tesla’s share price after a majority on Twitter said they agreed with the sale.<\/p>\n\n\n\n

On Saturday, Mr. Musk posted a Twitter poll<\/a> asking his followers to vote on whether he should sell part of his stake in Tesla to meet his tax obligations.<\/p>\n\n\n\n

“Much is made lately of unrealised gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he tweeted.<\/p>\n\n\n\n

“I will abide by the results of this poll, whichever way it goes.”<\/p>\n\n\n\n

The poll attracted more than 3.5 million votes, with nearly 58% voting in favour of the share sale.<\/p>\n\n\n\n

The stock sank 12% on Tuesday in a multi-day selloff that endangered the company’s position in the $1 trillion club but recovered 4.3% on Wednesday.<\/p>\n\n\n\n

Tesla<\/a> is currently trading 1,067.95+44.45 (+4.34%) at close: November 10 4:00PM EST.<\/p>\n\n\n\n

Mr. Musk is the world’s richest person<\/a>, with a personal fortune estimated to be more than $280bn.<\/p>\n\n\n\n

If you have any questions, please email our Education Centre<\/a>.<\/p>\n\n\n\n

If you have any questions or require any assistance, please contact one of our support team members via our Live Chat or email support@errante.net<\/a>.<\/p>\n\n\n\n

We are Errante. Trading made personal<\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Tesla (TSLA.O) Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake. Tesla is the world’s most valuable carmaker, with a stock market valuation of more than $1tn. In his first share sale since 2016, […]<\/p>\n","protected":false},"author":6,"featured_media":16186,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[857,859],"tags":[],"yoast_head":"\nElon Musk Sells $5 Billion in Tesla Shares | Errante<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"it_IT\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Elon Musk Sells $5 Billion in Tesla Shares | Errante\" \/>\n<meta property=\"og:description\" content=\"Tesla (TSLA.O) Chief Executive Elon Musk sold about $5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake. Tesla is the world’s most valuable carmaker, with a stock market valuation of more than $1tn. 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