Elon Musk sold another $931 million worth of stock, bringing his total sales of stock during the last six trading days to $7.8 billion.
Elon Musk has sold his first block of Tesla shares since 2016, exercising some stock options and then selling a portion of that to raise the cash he’ll need to pay taxes on the shares he acquired.
Kimbal Musk sold $109 million worth of Tesla shares last week, a day before his brother, Elon, launched his now infamous Twitter poll about selling part of his own stake.
What people are saying?
Chris Stachniuk Is it just me or is he perhaps using the excuse of a twitter poll telling him to sell to start divesting from Tesla which is probably overvalued and rapidly being caught by the more traditional auto-makers? That Kia EV6 is Model Y level at $10,000 less.
ArtVandy510 Don’t understand the hate. Don’t know about the whole Tesla story but he took the financial risk of starting the company so now he’s being rewarded for the risk he took. It totally could have went the other way and he could’ve lost all his money.