Billionaire Elon Musk, CEO of the global electric car maker Tesla, announced a $5 billion sale in the company, just days after polling Twitter users about the Selling 10% of his stake.
In his first stock sale since 2016, Musk sold nearly 3.6 million Tesla shares, worth about $4 billion, and sold another 934,000 shares for $1.1 billion. After activating options to obtain approximately 2.2 million shares.
The shares sold equal about 3% of Musk's total holdings in the company, which amounts to about 17% of Tesla's shares.
Although Musk began implementing the put option he talked about in September, even before the tax crisis erupted and before the alleged poll about selling 10% of his shares, but Tesla did not punish Musk.
As the result of the poll launched by Musk via a tweet on Twitter, which supported the sale of shares, generated some tension, as followers expressed their fear of this trend on the stock's performance. .
Indeed, Tesla shares only fell during trading the day before yesterday, Tuesday, by about 12%, while it declined since the beginning of the week from 1222 levels down to 1023.50 by 16.3%.
Despite the sale by Elon Musk in recent days, his wealth has increased by the end of trading yesterday, to rise again to the levels of 300 billion dollars.
According to the Bloomberg Billionaires Index, Elon Musk's fortune rose on Wednesday by more than $10 billion, to nearly $300 billion.
This came as Tesla shares rose by 4.34%, rising to levels of $1067.95, an increase of $44.45, while Tesla is still far from its peak at $1243 levels today. Last November 4th.
Musk's fortune has decreased since the beginning of the week by more than $52 billion, down from $340 billion to $290 billion at the end of trading on Tuesday.
Elon Musk owns about 17% of the shares in Tesla, worth more than $200 billion.
With a 10% cut, if Elon Musk decides to commit to the poll and make the sale, it would be worth about $21 billion based on last Friday's close.
