Though a massive stock sale could rattle share prices, one analyst says it's probably better for Musk to 'rip the band-aid off now' now instead of delaying the expected sale.
Sunday with nearly 58% of the more than 3.
Ives went on to say it's likely better Musk"rip the band-aid off now" and sell the portion of stock rather than letting the possibility linger over the next year and risk ongoing volatility. tanked by about $13 billion Monday morning, but the 50-year-old is still worth $305.5 billion, about $100 billion more than the world’s second-richest person, Amazon founder Jeff Bezos.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Tesla Share Price Slides After Musk Promises to Sell $21 Billion StakeThe car maker’s shares fell in premarket trading after Twitter users directed Chief Executive Elon Musk to sell a 10th of his stock in an online poll.
Les mer »
U.S. stock futures pause at records as Musk says he'll sell big Tesla stakeU.S. stock futures paused at record high levels on Monday, as the chief executive of the S&P 500's fifth-largest company indicated he would sell a tenth of...
Les mer »
Musk asks Twitter followers whether he should sell 10% of Tesla stockTesla Inc Chief Executive Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10% of his Tesla stock.
Les mer »
Elon Musk Pledges to Sell Tesla Stock if Twitter Voters AgreeShould Elon Musk sell 10% of his Tesla stock? The billionaire asked Twitter followers and committed to following their directive, amid debates about capital-gains taxes
Les mer »
Musk polls Twitter on whether he should sell 10 percent of his Tesla sharesMusk's shareholding in Tesla comes to about 170.5 million shares as of June 30 and selling 10 percent of his stock would amount close to $21 billion.
Les mer »