Elon Musk Has Sold About $5 Billion USD of Tesla Stock So Far

Elon Musk has now equipped almost about $5 billion USD of Tesla stock after asking his Twitter followers by technique of pollwhether he might presumably composed let breeze of some of his private holdings.

Last week, Musk asked his almost about 63 million followers whether or now no longer he might presumably composed sell 10% of his stake in Tesla to pay taxes. As of Thursday, 3.5 million folks had voted, with 58% in prefer of the sprint.

Mighty is made lately of unrealized gains being a form of tax avoidance, so I suggest selling 10% of my Tesla stock.

Attain you improve this?

— Elon Musk (@elonmusk) November 6, 2021

“I will abide by the implications of this ballot, whichever capacity it goes,” Musk promised, in conjunction with that his earnings as CEO contrivance within the form of stocks.

In response to various financial filings reported by CNBCMusk’s believe has as a lot as now equipped bigger than 3.5 million shares value over $3.88 billion USD. Earlier on Wednesday, Musk equipped a block of 933,000 Tesla shares value about $1.1 billion USD. The filings list that Musk had been planning to sell some of his shares since September, and had scheduled the sales in come of the Twitter ballot.

In response to the outlet, Musk composed holds over 166 million shares. Here is his first sale of shares since 2016.

Last month, Tesla reached a valuation of over $1 trillion USD. Analysts luxuriate in predicted that the success of Musk’s SpaceX and Tesla ventures might presumably soon propel his wealth to over $1 trillion USD.

In other news,  Tesla is holding on to its $1.5 billion USD Bitcoin investment.

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