Elon Musk sold $ 5 billion in Tesla shares



Posted on Nov 11, 2021, 11:40 a.m.

Elon Musk strikes again: after asking his followers on Saturday if he should sell 10% of his Tesla shares, the founder of Tesla on Monday sold about $ 5 billion in shares of the electric vehicle maker .

According to documents filed Wednesday with the US markets regulator, the SEC, the richest man in the world sold about 4.5 million shares this week.

A first block worth $ 1.1 billion had been sold on Monday, in order to meet tax obligations arising from the exercise of stock options, but this sale had been launched according to a plan already prepared and put on foot in September, these documents clarified.

Decode the world after

Every day, the writing of Les Echos brings you reliable information in real time. It gives you the keys to deciphering the news and anticipating the consequences of the current crisis on companies and markets. How is the health situation evolving? What new measures is the government preparing? Is the business climate improving in France and abroad? You can count on our 200 journalists to answer these questions and on the analyzes of our best signatures and renowned contributors to inform your thoughts.

I discover the offers

Leave a Reply

Your email address will not be published. Required fields are marked *