Elon Musk sold $1.1 billion shares of Tesla. (file photo)
Tesla’s richest man in the world CEO Elon Musk (Elon Musk) has sold about $ 1.1 billion or 110 million shares of his electric car company. Just last week, he asked his followers in a Twitter poll whether he should sell 10 per cent of his shares in his company. After this, there has been news of selling of shares from his side. However, it is interesting that the process of sale of shares has already started from September 14. This date has been revealed from documents filed for this on Wednesday, which show that Tesla CEO Musk has not decided to sell shares based on the results of the survey.
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According to the company’s filing with the US regulatory body the US Securities and Exchange Commission, Musk has sold his 930,000 shares of the company. Let us tell here that most of the wealth of Musk, one of the world’s richest people, is in the form of shares in Tesla company.
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Let us tell you that on Saturday, Musk did a poll on his Twitter account and asked whether he should sell 10 percent of his Tesla shares or not. He had said that he would do what the voters would say. The answer of the voters came in this poll – yes.
Tesla shares fell on Monday after this poll. This meant that if Musk had sold his shares before tweeting, he would have been able to sell at a higher price, but after tweeting he had to suffer a loss of millions of dollars. However, according to documents filed with the SEC, Musk still owns $170 million in Tesla shares. According to Wednesday’s closing price, his share of shares is worth $183 billion.