Tesla CEO Elon Musk sold nearly $5 billion in Tesla stock, according to financial filings out Wednesday evening. He still holds more than 166 million shares. Musk sold these shares in part to satisfy tax obligations related to an exercise of stock options.
Before that sale plan was made public, Musk asked his 62.5 million Twitter followers to vote in an informal poll, telling them their vote would determine the future of his Tesla holdings. The filings reveal that, in fact, he knew some of his shares were slated for sale this week.
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Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock.
Do you support this?
— Elon Musk (@elonmusk) November 6, 2021
Tesla CEO Elon Musk sold nearly $5 billion in Tesla stock, according to financial filings out Wednesday evening. https://t.co/8RwFKBj9Nc
— CNBC (@CNBC) November 11, 2021
Elon Musk sells some Tesla stock – but was it really because of Twitter poll? https://t.co/53M0m0Zo3T
— The Guardian (@guardian) November 11, 2021