Elon Musk’s Tesla stock sale passes $10 billion

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Picture: Patrick Pleul/characterize alliance by scheme of Getty Photos

Here’s how insanely rich Elon Musk is: He has unloaded $10 billion of his inventory within the past month — and may perchance presumably well perchance also pause that 15+ extra occasions given his silos of shares.

What’s happening: When Musk polled Twitter in early November about whether to promote 10% of his Tesla inventory (“Sell!” Twitter replied), his stake was once rate over $200 billion, or 17% of the company, the Wall Aspect highway Journal reported.

  • Now his “half-promoting spree” is stretching into a second month, per the Journal.
  • The gross sales are phase of a opinion to order some of his vested inventory alternatives that will expire next year, and to promote some holdings to duvet tax responsibilities, Axios’ Kia Kokalitcheva notes.

👢 P.S. With an SEC filing Wednesday, Tesla officially moved its HQ from Palo Alto to its Gigafactory Texas launch air Austin.

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