Tesla's Musk sells 639,737 more shares after Twitter poll
Information about Tesla's Musk sells 639,737 more shares after Twitter poll
Kevin David Scam or Legit
(Reuters) -Tesla Inc Chief Executive Officer Elon Musk disclosed a sale of additional 639,737 shares of the electric-car maker, regulatory filings showed on Friday, after offloading about $5 billion worth of stock following a poll of his followers on Twitter.
Musk sold 587,638 shares held by his trust on Nov. 11 in multiple transactions at prices ranging from $1,056.03 to $1,087.88, according to one of the filings.
A second filing showed that Musk sold an additional 52,099 shares held by his trust at prices ranging from 1,088.01 to $1,104.15.
Musk, the world’s richest person and Tesla’s top shareholder, tweeted last weekend that he would sell 10% of his stock if users of the social media platform approved the move. Days after Musk disposed $5 billion of the stock, or 3% of his total holdings, the first such move since 2016.