Elon Musk sold $ 1.1 billion of Tesla shares

According to the latest financial report, the businessman sold more than a billion dollars worth of shares.

In the report,filed with the SEC on November 11, it is stated that Musksold 934,000 shares of Tesla worth about $1.1 billion. Average selling price – $1,170 per share. This is the third time the businessman has sold shares of his company since Tesla went public in 2010.

On November 6, Musk posted a poll on his Twitter account,in which he asked if he should sell 10% of his shares. Of the 3.5 million survey participants, 58% answered yes. However, Tesla's CEO sold less than 1% of his shares. He still holds 170 million shares.

On November 4th, the price of TSLA set a historical record of about $1,230. After the publication of the survey, the share price sank by 16%, falling below $1,000. 

The company currently holds 43,200 BTC worth about $ 2.79 billion.

Subscribe to ForkNews on Telegram to keep abreast of news from the world of cryptocurrencies

Based on materialscointelegraph.com