Elon Musk sold 934,091 Tesla shares, according to filings with the Securities and Exchange Commission published Thursday.
The tech billionaire sold 934,091 Tesla shares, according to filings with the Securities and Exchange Commission published Thursday.Some of the shares were sold in part to satisfy tax obligations related to an exercise of stock options.Tesla CEO Elon Musk attends an opening ceremony for Tesla China-made Model Y program in Shanghai, east China, Jan. 7, 2020.
Tesla's share price was down over 1% in the pre-market trade on Friday, after slipping 6% in the previous session. The Friday fall also came off the back of a tweet where Musk said he's thinking of quitting his jobs to become an influencer, although it was not clear if was being serious. Last month, Musk sold a total of $9.85 billion in Tesla stock including the $6.9 billion he sold the week of Nov. 10 and another $1.9 billion he sold on Nov. 15 and Nov. 16. Some of the shares were sold in part to satisfy tax obligations related to an exercise of stock options.to determine the future of a chunk of his Tesla holdings. In a Twitter poll, Musk said: "Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
The CEO gave people the option to vote "Yes" or "No" and pledged to abide by the results of the poll, whichever way it went. Some 3,519,252 people responded, and 57.9% of them voted for "Yes."
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