Where the Comment is King

THE NEWS COMMENTER

VOTE  (0)  (0)

Elon Musk just offloaded another $1.05 billion worth of Tesla shares, bringing his November share sales total to $9.9 billion

Added 11-24-21 01:14:03am EST - “On November 6, Musk tweeted that he would sell 10% of his stock if social-media users approved. A majority of them agreed with the sale.” - Businessinsider.com

CLICK TO SHARE

Posted By TheNewsCommenter: From Businessinsider.com: “Elon Musk just offloaded another $1.05 billion worth of Tesla shares, bringing his November share sales total to $9.9 billion”. Below is an excerpt from the article.

Tesla Inc Chief Executive Elon Musk sold another 934,091 shares of the electric vehicle maker worth $1.05 billion after exercising options to buy 2.15 million shares, US securities filings showed on Tuesday.

The world's richest person had on November 6 tweeted that he would sell 10% of his stock if users of the social-media platform approved. A majority of them had agreed with the sale.

Since then, he has sold 9.2 million shares worth $9.9 billion. Last Tuesday, Musk sold 934,091 shares to meet tax withholding obligations related to the exercise of stock options.

Read more...

If you don't see any comments yet, congrats! You get first comment. Be nice and have fun.

Comment Box is loading comments...

CLICK TO SHARE

BACK TO THE HOME-PAGE