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.

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