Elon Musk continues diligently to divest his shares and is nearing his goal of reducing his stake in Tesla by ten percent.
Tesla boss Elon Musk cashed in further shares in the US electric car maker after the Twitter vote.
The currently richest person in the world sold around 934,000 shares valued at 1.02 billion US dollars (a good 900 million euros), according to a message to the US Securities and Exchange Commission. This brings the Tesla boss closer to his goal of reducing his stake in Tesla by ten percent.
At the beginning of November, Musk agreed to sell a tenth of his shares in the electric car manufacturer via a vote on Twitter. Since then, he has silvered stocks in several transactions. With the latest sale, Musk has sold approximately 15.6 million shares totaling $ 16.4 billion to date. Musk had Twitter users vote whether he should part with ten percent of his Tesla shares in order to pay more taxes. In order to get to the targeted 10 percent, he would have to sell around 17 million shares.
Musk is Tesla’s largest single shareholder. According to calculations by the Bloomberg news agency, he currently has a net worth of $ 278.9 billion, an increase of almost 80 percent this year alone.
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.
