Tesla CEO Elon Musk sold nearly $5 billion in Tesla stock, according to financial filings out Wednesday evening. He still holds more than 166 million shares.
DETROIT (AP) — After making a promise on Twitter, Tesla CEO Elon Musk has sold about 4.5 million shares of the electric car maker's stock, raising over $5 billion.
Elon Musk sold roughly $5 billion worth of Tesla shares this week — his first such sale since 2016 — just days after conducting a Twitter poll asking his fans if he should dispose of 10% of his stake in the electric carmaker.
Tesla founder Elon Musk sold more than 3.5 million shares of his company in a series of trades executed this week after he asked his Twitter followers whether he should sell a large portion of his holdings.
By Chris Isidore, CNN Business Elon Musk has sold his first block of Tesla shares since 2016, exercising some stock options and then selling a portion of that to raise the cash he’ll need to pay taxes on the shares he acquired. The options he exercised were about 9% of those he will need to
Tesla CEO Elon Musk has sold another chunk of his stock after pledging on Twitter to liquidate 10% of his holdings in the electric car maker Musk sells
By Chris Isidore, CNN Business Just days before his brother started selling billions of dollars worth of Tesla shares, Kimbal Musk, a Tesla board member, sold $108 million worth of his own stock in the company. The dollar value of his sale is dwarfed by his brother Elon’s sale of $5.
Tesla CEO Elon Musk has sold $5 billion worth of stock this week following the Twitter poll in which he asked whether he should sell 10% of his TSLA shares.
By Chris Isidore, CNN Business Another day, another billion dollars. Or in Elon Musk’s case, $1.2 billion. A filing late Friday shows that Musk sold another 1.2 million shares of Tesla stock on Friday, at an average price of $1,030 a share. It brings his sales for the week to a total of 6.4 million
The billionaire CEO of the electric car maker has taken advantage of a nearly six-month meteoric rally in the stock price that vaulted the firm's value to over $1 trillion.
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