Elon Musk Sells Millions of Tesla Shares in One Week
Date 12 Nov 2021 time 19:45
Elon Musk sells more than 4.5 million Tesla shares this week
Tesla CEO Elon Musk has sold an additional 639,737 shares worth $700 million. As a result, he has sold more than 4.5 million shares this week for the first time in more than five years.
Elon Musk has been selling Tesla shares since Monday, according to filings with the U.S. Securities and Exchange Commission. which is worth 1.1 billion US dollars. On Tuesday and Wednesday, another worth about $3.9 billion.
Yesterday (Nov. 11) it was reported that he sold about 930,000 shares, or $1.1 billion. According to the US Securities and Exchange Commission,
He previously posted to his followers on Twitter on Saturday if he should reduce his stake in the company by 10%, which most users out of the 3.5 survey respondents said. million people deserve
However, according to media reports, some share sales have been carried out since September. So far, this means that the sale of Elon Musk’s stake was not based on survey results.
After Elon Musk’s opinion polls, Tesla’s share price has plummeted since Monday. On Nov. 10, Bloomberg reported that he lost $50 billion (about $1.6 trillion) this week after the company’s shares fell for the second day in a row, the biggest loss in a period. just this time previously recorded in the Bloomberg Billionaires Index.
Tesla shares are currently at $1,063.51, down from $1,230. over the last weekend According to the documents of the Office of the Securities and Exchange Commission found that Musk still owns more than 170 million Tesla shares.
Photo by Frederic J. BROWN / AFP
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