NexTV Africa & Middle East

Complete News World

Elon Musk continues to sell his shares in Tesla and total sales reach nearly $13 billion


December 14, 2021 03:25 GMT

The Mongols have reportedly disposed of another 934,091 shares of Tesla, worth approximately $906.5 million.

Tesla CEO Elon Musk has once again sold a handful of shares in the electric car company, reach Reuters quoted regulatory documents on Monday.

According to reports, the business tycoon got rid of others 934,091 shares Tesla to approx value 906.5 million of dollars to pay taxes related to the exercise of put options on 2.13 million shares of Tesla.

Elon Musk sells Tesla shares for the fifth straight week (and the company's value continues to drop)

Also, the agency pointing to Musk has sold nearly $13 billion in stock since early November, dumping Nearly 12 million sharesAfter last November 6, he published on his personal Twitter page a questionnaire in which he asked his followers whether he should sell 10% of his shares in the company, obligating to comply with the results of the vote. as BloombergTesla shares fell by one 21% Since Musk began cutting his stake in the company.

Musk proposed this sale after the US government announced its plans to enter tax for billionaires to help fund increased social and security spending. 57.9% of the 3.5 million participants in the consultation voted in favor of the proposal, after which the Tesla founder began withdrawing part of his stake in the company.

See also  Canada: Over 3,000 all-new BMWs abandoned and rot in the open air in Vancouver | Video | EC Stories | Globalism