Elon Musk sells $5bn in Tesla stock days after Twitter poll
The Guardian says Elon Musk has sold about $5bn in shares amounting to roughly 3% of his Tesla holdings, the billionaire reported in filings on Wednesday, just days after he polled Twitter users about selling 10% of his stake.
About $4bn worth of the sale – 3.6m shares – could be considered as counting towards his 10% pledge on Twitter. Another $1.1bn worth, amounting to 934,000 shares, was sold under an options arrangement to acquire nearly 2.2m shares that was already in train before the poll.
Shares in the electric vehicle manufacturer make up the vast part of his estimated $281.6bn fortune, according to Forbes.
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