Elon Musk sells another billion dollars in Tesla stock

Elon Musk , Tesla's chief executive, sold another $ 1.01 billion (€ 892,660,220) in Tesla stock this week . Recently, the CEO of the US automaker said it plans to sell 10% of its stake in the company.   According to Bloomberg , Musk sold about 934,000 shares in the latest sale . Since asking his Twitter followers whether or not he should sell 10% of his stake in the electric car maker, he has sold 10.1 million shares for a combined value of approximately $ 10.9 billion (9,633. 659,800 euros).  However, Elon Musk plans to sell more shares to meet his targets which are expected to be around $ 21 billion (€ 18,560,262,000) in all. In addition to Tesla's founder, his brother Kimball also sold about $ 109 million (€ 96,336,598) of his stake in the US company. Not only that, other Tesla directors have also sold shares, for a total value of hundreds of millions of dollars.

Elon Musk , Tesla's chief executive, sold another $ 1.01 billion (€ 892,660,220) in Tesla stock this week . Recently, the CEO of the US automaker said it plans to sell 10% of its stake in the company.

According to Bloomberg , Musk sold about 934,000 shares in the latest sale . Since asking his Twitter followers whether or not he should sell 10% of his stake in the electric car maker, he has sold 10.1 million shares for a combined value of approximately $ 10.9 billion (9,633. 659,800 euros).

However, Elon Musk plans to sell more shares to meet his targets which are expected to be around $ 21 billion (€ 18,560,262,000) in all. In addition to Tesla's founder, his brother Kimball also sold about $ 109 million (€ 96,336,598) of his stake in the US company. Not only that, other Tesla directors have also sold shares, for a total value of hundreds of millions of dollars.

Source:motorionline

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