Entrepreneur Elon Musik put a vote on Twitter about his participation in the electronics manufacturer. He has now sold additional shares valued at $ 1.05 billion.
After a spectacular Twitter vote, Tesla boss Elon Musk continues to monetize his company’s shares on a large scale.
The star entrepreneur recently sold around 934,000 more papers for about 1.05 billion US dollars, as it emerged from mandatory notifications to the US stock exchange regulator on Wednesday night.
This means that Musk has sold a total of 9.2 million Tesla shares valued at around $ 9.9 billion since he sold ten percent of his stake two and a half weeks ago in a Twitter vote at the electric car maker.
To achieve this goal, Musk has to sell significantly more Tesla shares – so far, according to calculations by the financial service Bloomberg, he has made a little more than half of the promised sales. Musk is Tesla’s largest single shareholder.
Musk had started the Twitter vote against the background of a debate about tax avoidance of multi-billionaires. The Tesla boss is considered the richest person in the world with an estimated fortune of around 300 billion dollars. But its wealth is largely based on equity stakes, which are only taxed upon sale.
Source From: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
