December 4, 2021

Elon Musk sold $ 1.1 billion of Tesla shares

Elon Musk sold $ 1.1 billion of Tesla shares

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

In the report, filed with the SEC on November 11, it is indicated that Musksold 934,000 Tesla shares for about $ 1.1 billion. Average selling price - $ 1,170 per share. This is the third time a businessman has sold shares in 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 TSLA price set an all-time high of about $ 1,230. After the poll was published, the share price sank 16%, falling below $ 1,000.

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

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According to the materials cointelegraph.com

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