Elon Musk sells US$5 bln in Tesla shares after Twitter poll - Printable Version
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Elon Musk sells US$5 bln in Tesla shares after Twitter poll - Levin - 11-11-2021
November 11, 2021
12:27 PM +08
Last Updated 6 minutes ago
By Hyunjoo Jin and Noel Randewich, Greg Roumeliotis
Nov 10 (Reuters) - Tesla (TSLA.O) Chief Executive Elon Musk sold about US$5 billion in shares, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.
In his first share sale since 2016, Musk's trust sold nearly 3.6 million shares in Tesla, worth around US$4 billion, while he also sold another 934,000 shares for US$1.1 billion after exercising options to acquire nearly 2.2 million shares.
The 4.5 million shares equate to about 3% of his total holdings in the electric vehicle manufacturer
More at: https://www.reuters.com/business/autos-transportation/tesla-selloff-puts-risk-its-1-trillion-club-membership-2021-11-10/
RE: Elon Musk sells US$5 bln in Tesla shares after Twitter poll - sgbuffett - 11-11-2021
He sells while the fanny's keep HODL
-ing